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LONDON - The Financial Conduct Authority (FCA) has announced the temporary suspension of Aseana Properties Limited’s ordinary shares from the Official List, effective today at 7:30 AM. The suspension was initiated at the request of the company itself and impacts the ordinary shares with ISIN JE00B1RZDJ41, which are listed as equity shares in the transition category.
The specific reasons behind Aseana Properties’ request for suspension have not been disclosed in the notice. Securities are often suspended to maintain orderly trading and market integrity, for instance, when a company is about to announce significant news or if there are concerns about a company’s operations or financial stability that could lead to abnormal trading activity.
Investors holding shares in Aseana Properties will temporarily be unable to trade the affected securities on the London Stock Exchange (LON:LSEG), where they are currently admitted to trading, as well as on any other Recognised Investment Exchanges where they may be listed. The duration of the suspension has not been specified, leaving the timeline for resumption of trading unclear.
The FCA’s Issuer Management team, responsible for the oversight of the Official List, issued the notice of suspension. The London Stock Exchange has also been informed of this action, as it may impact trading on its platform.
This suspension serves as a reminder to investors of the regulatory mechanisms in place that can affect trading and the importance of market transparency. It is based on a press release statement, and further details are expected to be made available by the company or the regulatory authorities as they emerge.
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