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16 September 2024
| Name: | COASSETS LIMITED. (CA8) |
| ISIN: | AU000000CA89 |
| Date of Listing: | 05 September 2016 |
| Date of Delisting: | 19 June 2020 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 19 June 2020.Legal Status:
Capital Gains Tax (CGT) Status:
This entity was deregistered on 14 August 2022. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail
company deregistered today | 14/08/2022 |
delisted from the close of trading on Friday, 19 June 2020, pursuant to Listing rule 17.11. | 19/06/2020 |
we understand the company delisted because of low shareholder numbers, highly concentrated shareholdings, low levels of trading in the shares and the administrative and compliance costs associated with the listing | 19/06/2020 |
The company releases the Results of Meeting. | 17/06/2020 |
The URL to attend the General Meeting scheduled for 17 June 2020 at 1pm AEST as advised on the Notice of Meeting dated 8 May 2020 is incorrect. Shareholders are requested to use the following URL instead "“ web.lumiagm.com. The Meeting ID remains the same as previously announced - 361-711-078. | 16/06/2020 |
Due to the unprecedented uncertainty surrounding the on"going impact and duration of the COVID"19 pandemic, the Company considers it appropriate to reduce its work week from 5"days to 2.5"days effective from today. This will also result in staff salaries reducing by half and all staff will continue to work from home till June 2020. This is a step taken to preserve headcount and also to maintain a continuing high level of liquidity as the current situation unfolds. These arrangements will be reviewed in June 2020. | 20/05/2020 |
A General Meeting of the Shareholders of CoAssets Limited will be held at Company Matters, Level 12, 680 George Street, Sydney NSW 2000 on Wednesday 17 June 2020 at 1pm (AEST) and by live webcast at www.lumiagm.com.au with meeting ID 361-711-078. | 08/05/2020 |
The company lodges its Quarterly Activities Report and Appendix 4C - March 2020. | 30/04/2020 |
In light of the COVID-19 pandemic and its impact on the Group's operations, the Chief Executive Officer & Managing Director and the Chief of Staff have agreed to take a voluntary 25% salary reduction effective from April 2020 onwards. Further executive salary reductions may be taken depending on how the COVID"19 situation develops. | 30/04/2020 |
CoAssets Limited has formally applied to ASX to be removed from the official list of ASX. The proposed delisting is considered by the Company's Board to be in the best interests of the Company in light of low shareholder numbers and other factors which have lead the Board to conclude that the costs and administrative burden of remaining listed on ASX outweigh any benefits of a continued listing. | 30/04/2020 |
The company has entered into a binding agreement with Ever-Pioneer Brighten Technology Fund for the acquisition of the balance 75% interest in Brighten Finance Limited and the disposal of 49% interest in Fintech Pte Ltd. EPBTF is a fund that is managed by Rassong Asset Management Limited. This agreement does not require shareholder approval under the ASX Listing Rules or under Singapore and Hong Kong laws. | 31/03/2020 |
In response to combatting against COVID-19, CoAssets has implemented Business Continuity Plans across the group and its subsidiaries. The plan includes: split team working arrangements for employees; and temporary hiatus for plans for large-scale events and/or large group meetings (internal/external). Routine processes may take a longer turnaround time and that the respective representatives (of each entity) may not be able to conduct meetings as frequently as before. It is business as usual at CoAssets. | 27/03/2020 |
Pending a review by ASX of the company's compliance with ASX Listing Rules 3.1, 12.2 and 12.5, ASX has imposed a suspension on the securities of the company under ASX Listing Rule 17.3. | 23/03/2020 |
The company lodges its Appendix 4D and 31 December 2019 Interim Report. | 28/02/2020 |
The company lodges its Appendix 4C - 31 December 2019. | 30/01/2020 |
The securities of CoAssets Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CA8, pending the release of an announcement in relation to the outcome of an inspection under section 150 of Singapore's Securities and Futures Act (CAP.289) of the books, accounts, documents and transactions of CoAssets' subsidiary CoAssets Pte Ltd by the Monetary Authority of Singapore. | 06/12/2019 |
listed entity carried for record purposes only | 05/09/2016 |
company deregistered today | 14/08/2022 |
delisted from the close of trading on Friday, 19 June 2020, pursuant to Listing rule 17.11. | 19/06/2020 |
we understand the company delisted because of low shareholder numbers, highly concentrated shareholdings, low levels of trading in the shares and the administrative and compliance costs associated with the listing | 19/06/2020 |
The company releases the Results of Meeting. | 17/06/2020 |
The URL to attend the General Meeting scheduled for 17 June 2020 at 1pm AEST as advised on the Notice of Meeting dated 8 May 2020 is incorrect. Shareholders are requested to use the following URL instead "“ web.lumiagm.com. The Meeting ID remains the same as previously announced - 361-711-078. | 16/06/2020 |
Due to the unprecedented uncertainty surrounding the on"going impact and duration of the COVID"19 pandemic, the Company considers it appropriate to reduce its work week from 5"days to 2.5"days effective from today. This will also result in staff salaries reducing by half and all staff will continue to work from home till June 2020. This is a step taken to preserve headcount and also to maintain a continuing high level of liquidity as the current situation unfolds. These arrangements will be reviewed in June 2020. | 20/05/2020 |
A General Meeting of the Shareholders of CoAssets Limited will be held at Company Matters, Level 12, 680 George Street, Sydney NSW 2000 on Wednesday 17 June 2020 at 1pm (AEST) and by live webcast at www.lumiagm.com.au with meeting ID 361-711-078. | 08/05/2020 |
The company lodges its Quarterly Activities Report and Appendix 4C - March 2020. | 30/04/2020 |
In light of the COVID-19 pandemic and its impact on the Group's operations, the Chief Executive Officer & Managing Director and the Chief of Staff have agreed to take a voluntary 25% salary reduction effective from April 2020 onwards. Further executive salary reductions may be taken depending on how the COVID"19 situation develops. | 30/04/2020 |
CoAssets Limited has formally applied to ASX to be removed from the official list of ASX. The proposed delisting is considered by the Company's Board to be in the best interests of the Company in light of low shareholder numbers and other factors which have lead the Board to conclude that the costs and administrative burden of remaining listed on ASX outweigh any benefits of a continued listing. | 30/04/2020 |
The company has entered into a binding agreement with Ever-Pioneer Brighten Technology Fund for the acquisition of the balance 75% interest in Brighten Finance Limited and the disposal of 49% interest in Fintech Pte Ltd. EPBTF is a fund that is managed by Rassong Asset Management Limited. This agreement does not require shareholder approval under the ASX Listing Rules or under Singapore and Hong Kong laws. | 31/03/2020 |
In response to combatting against COVID-19, CoAssets has implemented Business Continuity Plans across the group and its subsidiaries. The plan includes: split team working arrangements for employees; and temporary hiatus for plans for large-scale events and/or large group meetings (internal/external). Routine processes may take a longer turnaround time and that the respective representatives (of each entity) may not be able to conduct meetings as frequently as before. It is business as usual at CoAssets. | 27/03/2020 |
Pending a review by ASX of the company's compliance with ASX Listing Rules 3.1, 12.2 and 12.5, ASX has imposed a suspension on the securities of the company under ASX Listing Rule 17.3. | 23/03/2020 |
The company lodges its Appendix 4D and 31 December 2019 Interim Report. | 28/02/2020 |
The company lodges its Appendix 4C - 31 December 2019. | 30/01/2020 |
The securities of CoAssets Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CA8, pending the release of an announcement in relation to the outcome of an inspection under section 150 of Singapore's Securities and Futures Act (CAP.289) of the books, accounts, documents and transactions of CoAssets' subsidiary CoAssets Pte Ltd by the Monetary Authority of Singapore. | 06/12/2019 |
listed entity carried for record purposes only | 05/09/2016 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Denka Wee | Chairman, Independent Director | 07/04/2020 |
| Getty Te-Win | Managing Director, CEO | 05/09/2016 |
| David Garry | Independent Director | 01/03/2017 |
| Aaron Garry | Independent Director | 01/07/2019 |
| Mark Chew | Executive Director | 07/04/2020 |
| Swapna Keskar | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| May Chuah | Independent Director | 20/11/2019 | 07/04/2020 |
| Jeffrey Chi | Non Exec Director | 05/09/2016 | 07/04/2020 |
| Seh Huan Kiat | Executive Director | 05/09/2016 | 07/04/2020 |
| Nicholas Ong | Independent Director | 05/09/2016 | 01/07/2019 |
| Tommy Teo | CFO | 11/10/2016 | 01/03/2017 |
| Dan Smith | Executive Director | 05/09/2016 | 01/03/2017 |
| Nick Bishop | CFO | 17/11/2016 | 11/10/2016 |
Date of first appointment, title may have changed.
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