ASX queries Padbury's $106m raising plans

Padbury Mining has again attracted regulatory attention, with the company acknowledging it should have notified the ASX when it negotiated potential capital raisings worth $106 million with a Hong Kong-based investor last year.

The ASX sent notice to Padbury last week asking the company to explain why statements in its annual report, released December 19, mentioned a proposed $2 million and $98 million placement to Hong Kong investment group Zhongying Property Development Company (ZYPD) but wasn’t disclosed to the Australian bourse when discussions were entered into in June.

In response, Padbury said it felt it would have been misleading the market by announcing the deal prior to it being completed.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

$6k Bought
Total value as at the date of the transaction
Source: Morningstar


264th-AustSino Resources Group$53k
489 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer