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Suspension refer to the practice of removing the stock of a company from trading so that investors can no longer trade shares of the stock on that exchange. Some companies suspended because of insolvency concerns, regain quotation but most fall by the wayside. They are eventually delisted and end up in liquidation or are recapitalised with little, if any, residual value left for shareholders. Suspension typically occurs when a company breaks a listing rules, In the event of a compulsory acquisition following a takeover bid or If an entity fails to lodge certain documents or If it fails to pay annual listing fees.
Suspensions give notice to current and potential investors that there are serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud. To get your money back, you will need to consider taking legal action on your own.
If you find that any company is suspended but not covered by us, please email webmaster@stockfry.com and we will start to monitor it.
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