Kaiser Reef Ltd (AU:KAU) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Kaiser Reef Ltd has acknowledged administrative oversights, including not appointing an auditor and failing to lodge a cleansing prospectus, which they are addressing through legal channels. As a result, the company has paused trading until court orders are granted and a capital raising is completed. Investors are advised that the company is working to ensure compliance with the Corporations Act.
For further insights into AU:KAU stock, check out TipRanks’ Stock Analysis page.