ASX tribunal overturns IPO decision

THE Australian Securities Exchange Appeal Tribunal has set aside earlier decisions made by the ASX to block a deal that would have led to entrepreneur Frank Timis taking control of the Tony Sage-chaired International Petroleum.

ASX tribunal overturns IPO decision ASX tribunal overturns IPO decision ASX tribunal overturns IPO decision ASX tribunal overturns IPO decision ASX tribunal overturns IPO decision

In its determination on the second appeal by IPO, the tribunal found that the decisions made by the ASX were "infected by error and must be set aside".

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