suspension

21 Suspended Companies on ASX Stockmarket For Failing to Lodge Full Year Accounts


The ASX announced that the following companies "will be suspended from Official Quotation from the commencement of trading today, 1 October, following failure to lodge their Full Year Account for the period ended 30 June 2012 in accordance with listing rules." Gold Anomaly was suspended, "following failure to lodge an Auditor's Opinion for the period ended 30 June 2012 in accordance with listing rules."

Gunns Writes Down Assets


Australian woodchipper, Gunns Limited (ASX:GNS) have released a statement to the stock exchange announcing that it will book an impairment of $700 to $800 million for some of its forestry related assets (including: Tasmanian land and plantation estate, its interests in managed investment schemes (MIS) and the development costs associated with the pulp mill project) for the 2011/2012 financial year to end of June.

Allied Brands and Cookie Man Sale


Franchise brand manager, Allied Brands (ASX:ABQ) have placed franchise, Cookie Man for sale following a NSW Supreme Court liquidation order handed down last week. Cookie Man has around 50 outlets, 46 of which are franchised and four company-owned. The company had recently revealed that the US owners of the Baskin Robbins brand, Dunkin Brands, had threatened to terminate the company's master franchise agreement for Australia, an agreement which is still in dispute.

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