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Raptis Group Discloses Historical Breach of ASX Listing Rules

Story Highlights
  • Raptis Group operates in real estate, focusing on residential and commercial properties.
  • The company disclosed a breach of ASX rules due to share discrepancies, impacting compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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Raptis Group Ltd. ( (AU:RPG) ) has shared an announcement.

Raptis Group Limited has disclosed a historical breach of several ASX Listing Rules due to discrepancies in the number of shares recorded on its register compared to those on ASX’s records. The company identified that it had issued more shares than reported, failing to lodge necessary documentation with the ASX on multiple occasions, which resulted in an over-issuance of shares beyond the allowable limit. This breach could potentially impact the company’s compliance reputation and necessitate corrective actions to align with regulatory standards.

More about Raptis Group Ltd.

Raptis Group Limited operates in the real estate and property development industry, focusing on the development and management of residential and commercial properties. The company is based in Surfers Paradise, Queensland, Australia, and is listed on the Australian Securities Exchange under the ticker RPG.

Average Trading Volume: 428,222

Technical Sentiment Signal: Sell

Current Market Cap: A$2.14M

See more insights into RPG stock on TipRanks’ Stock Analysis page.

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