Vashion

Vashion: called for suspension of trading on 18 Jun, as the Sponsor needs time to review the Independent Auditors Report, Statement of Directors and 2011 Financial Statements. Recall, Vashion could not issues its notice of AGM (required by Catalist rules) and to dispatch its annual report for FY11 by the regulatory deadline 15 Jun, bcs i) external auditors were not able to finalise the audited Group’s financial statement on time, due to their request for additional work to be performed to gather appropriate audit evidences on certain transactions, and ii) the trademark valuation report was received from the valuer The co announced last night that ACRA has granted it until 13 July to convene its next AGM for FY11.