Here is the synopsis of our sample research paper on DELISTED FIRMS FROM THE AUSTRALIAN STOCK EXCHANGE. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper discusses three delisted companies from the Australian Stock Exchange. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTasxdelis.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
raising capital to expand their businesses. However, most stock exchanges (the ASX included) have a series of rules and regulations to ensure that shareholders (the people buying "pieces" of the
companies through stock) dont end up being unduly harmed through their investments. Many of these rules have to do with transparency in financial reporting; most companies on the ASX are
required to pay a listing fee to continue listing participation. Such listings can costs thousands of dollars - that, combined with the regulations required for frequent financial reporting, can provide
problems for companies, especially companies that are in receivership or liquidation. According to Delisted.com, an Australian website, companies are de-listed from the ASX for other reasons, such as name change,
acquisition or mergers. In this paper, were highlighting three companies that have been de-listed from the ASX, primarily because of their
financial statuses. Babcock & Brown, which has gone through its problems during the past couple of years, will be officially delisted
as of December 2009 at the companys request (Babcock & Brown, 2009). Babcock & Brown is an international investment and advisory company that provides advice for and handles assets for
syndicators and institutions. However, the global financial meltdown has taken its toll on this company. Babcock & Brown was removed from the
list of tradable securities on ASX Ltd. on June 18, and the companys listing will be removed in early December 2009 (Babcock & Brown, 2009). Furthermore, the administrators have indicated
that distribution to shareholders will not be made (Babcock & Brown, 2009). Babcock & Browns woes have been well-publicized, and the
...