Listed issuers with inadequate level of operations
Is there any difference in the obligations of an affected listed issuer1 under the previous framework set out in Practice Note 17 and the new framework in paragraph 8.03A of the Main LR?
1 As stipulated in paragraph 8.03A(3) of the Main LR, an affected listed issuer refers to a listed issuer which has triggered the criteria of inadequate level of operations under paragraph 8.03(2) of the Main LR namely that the listed issuer has –
(a) suspended or ceased all of its business or its major business; or
(b) suspended or ceased its entire or major operations; or
(c) an insignificant business or operations.