Bitcoin Group Cleared to List on Australian Securities Exchange
Australian bitcoin mining firm Bitcoin Group is scheduled to make its long-delayed debut on the Australian Securities Exchange (ASX) in early February. Reports state the firm will list under the code 'BCG' with the aim of raising AU$20m ($13.9m) via the sale of 100 million shares at an issue price of 20 cents. The close date for the IPO is now January 25, while trading is expected to commence on 2nd February. The news comes over a year after the Melbourne-based company first announced its intention to list in October 2014. The process has since been held up following a reprimand from the....
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Australian bitcoin miner Bitcoin Group is returning $5.9m it raised from investors after the Australian Securities Exchange (ASX) said the firm needed to raise more capital and resubmit its application. The firm said in a 9th March statement to investors that it would return the funds after Australian securities officials deemed the firm ineligible to list due to concerns about its long-term operational viability. The dispute followed the submission of a third-party working capital report by accounting and consulting services firm Grant Thornton. ASX, as detailed in a letter sent to....
Australia-based startup Bitcoin Group has delayed its listing on the Australian Securities Exchange (ASX) after it found itself in trouble over doubts raised by the corporate watchdog on the involvement of the Australian Prime Minister Malcolm Turnbull and also on, what the company thinks were, the "misstatements" about the company's profitability. Bitcoin Group has already received the approval of Australian Securities and Investment Commission (ASIC) on 4 September 2015 for an AU$20 million public offer. With the new developments, now the company has now set its eyes on 11 December 2015....
An Australian cryptocurrency firm is facing fresh delays on its road to debuting on the Australian Securities Exchange. Australia's chief securities regulator, the Australian Securities and Investment Commission (ASIC), has issued an interim stop order on the investment prospectus submitted by Bitcoin Group Ltd for undisclosed reasons. According to the ASIC's website, such orders may be issued if any documents submitted contain
Australian bitcoin miner Bitcoin Group has released another prospectus, now filed with the Australian Securities and Investments Commission (ASIC), a move that also saw the company postpone its initial public offering on the Australian Securities Exchange (ASX). Cryptocurrency miner Bitcoin Group has released yet another prospectus while delaying its listing on the ASX to address concerns put forth by the ASIC. The company was asked by the commission to appoint an “appropriately qualified independent expert” to explain the bitcoin mining process involved in mining the cryptocurrency. The....
Bitcoin Group has delayed its Australian Securities Exchange (ASX) listing due to issues with the Australian Securities and Investment Commission (ASIC) over indications that Australian Prime Minister Malcolm Turnbull is a shareholder and misstatements about the company's profitability, according to The Sydney Morning Herald. The company, a bitcoin miner, has postponed its listing date to Dec. 11, 2015. The company said it retracts any suggestion that Turnbull personally invested in its IPO. Turnbull Demonstrated Placing A Bid. Australian Prime Minister Malcolm Turnbull. Bitcoin Group....