This article appeared in the January 2015 ASX Investor Update email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.
An update on companies that have applied for official admission to ASX, and links to information on upcoming and new listings.
Here is a snapshot of entities that had applied for admission to the official list of ASX, as at January 6, 2014. Upcoming floats has more information, and Recent floats and listings provides information on entities that have listed on ASX in the previous two months. Note: information about upcoming floats can change quickly if companies close their IPO ahead of schedule, or decide to extend their offer. Check the ASX website or talk to your financial adviser for latest information. IPO listing and closing dates are indicative only.
ALT Resources is an Australian based mineral exploration company incorporated in April 2014 to acquire up to a 70 per cent interest in tenements held by GFM Exploration (GFM). GFM is the registered holder of three tenements in the south-east Lachlan Orogen in New South Wales. Capital to be raised: $4 million.
The company is the majority owner of Western Xinxing Rare Metal Co (WXRM), a Chinese company with its principal base of business located in Luonan County, Shanglou City, Shaanxi Province, China. The main business of WXRM is deep metal processing of molybdenum as well as a suite of other minerals and metals. Capital to be raised: $3 million.
Spring FG is a public diversified financial services company with products and services encompassing financial planning and investment advice; wealth creation and wealth management solutions; insurance and superannuation; finance; and tax and accounting. Its advice and product offerings are broad and include a specialisation in the high-growth markets of self-managed superannuation funds (SMSFs); and direct and SMSF residential real estate investment. Capital to be raised: $4 million.
The Company has acquired a travel service e-commerce platform targeted at corporate business travel sectors in China. Tinho Union will license the use of its travel service e-commerce platform to travel service providers. Capital to be raised: Up to $5.5 million.
The entities listed above have made application for admission to the official list of ASX. Part of this application process includes the allocation of a provisional ASX code and the provision of details about the entity on the linked page below. In some instances ASX provides a link to a third-party site from which the offer document and application form may also be available for download.
The allocation of a code and the provision of a link to a third-party site does not in any way imply that the entity's application for admission to the official list will be approved and should not be considered in any way as an indication of the merits of the entity. Use of a link to a third-party site indicates your acceptance of the conditions.
It is advisable to obtain investment advice before making any investment decisions relying on information provided on a third-party site, and the entity's offer document should be read in its entirety before any decision is made to invest in the entity's securities.
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