Eagle Health Holdings’ plan to resume share trading on ASX
The Australian shares of Chinese-controlled mask maker Eagle Health Holdings have been suspended for seven months, but that could be about to change.
NSW
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Chinese-controlled mask-making company Eagle Health Holdings has growing confidence it can bring to an end the seven-month trading suspension on its Australian shares.
The Daily Telegraph understands EHH will make an announcement to the Australian Securities Exchange by early next week that will outline a timetable for the resumption of trading.
The company has been in discussions with the ASX about what is required to lift the suspension, which has been in place since late March after it failed to file financial statements on time.
EHH missed the deadline because it had been unable to get its auditor to sign off on the statements.
Its stock last transacted at 14c a share.
The looming announcement is also expected to shed more light on the company’s efforts to get its auditor to sign off.
EHH joined the ASX in 2017 after raising $25 million from investors by selling 40c shares.
At the time boasting as its chairman the former federal sport and tourism minister Andrew Thomson, who held the eastern suburbs seat of Wentworth for the Liberals from 1995 to 2001.
Mr Thomson left the company in 2019 and is in no way connected with its difficulties.
EHH began as a supplements and traditional medicine business but has recently moved into mask-making both in China and Australia.
In July this year the company’s then directors provided an update on the audit, telling the ASX the auditor of EHH’s main Chinese business Eagle Don had been unable to get bank statements directly from Eagle Don’s bank in China for reasons including being prevented from entering the branch.
