Bitcoin Group delays listing on Australian Securities Exchange
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....
Related News
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....
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....
Australian bitcoin miner Bitcoin Group has delayed its public float on the Australian Securities Exchange (ASX), yet again. The revelation comes soon after a disappointing IPO that fell well short of the miner’s expectations. Melbourne-based mining firm Bitcoin Group has now revealed another delay in its intention to float its stock in the open market by listing on the ASX. The update was disclosed to investors in an update on February 5th, noting that the ASX has sought additional information about the company’s intention to list. The statement read: Investors will appreciate that ‘block....
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
Bitcoin Group is to make its third attempt to IPO this November, following two stop orders from the Australian Securities and Investments Commission (ASIC). The Melbourne firm first announced it would pursue an initial public offering (IPO) on the Australian Securities Exchange (ASX) last October, however it has faced delays following a reprimand by the regulator in February and two stop orders on its investor prospectus in July. According to the Sydney Morning Herald, the firm lodged an updated prospectus last Friday after ASIC lifted its second stop order. Its listing date is now set for....