Oliver's Real Food suspended from trading on ASX over chain's financial condition

Read the announcement here.

Oliver’s Real Food has been suspended from trading on the ASX, which issued the following announcement:

The securities of Oliver's Real Food Limited (‘OLI’) will be suspended from quotation under Listing Rule 17.3, as ASX has determined that OLI’s financial condition is not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.2.

The suspension will continue until OLI is able to demonstrate compliance with Listing Rule 12.2.

QSR Media has sought Oliver’s Real Food for comment.

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The chain is also giving one couple the chance to win free catering.
The Mexican QSR recently embarked on a hiring spree across the country.
The promotion is available across the chain’s 41 stores.
This unit guarantees food quality without increasing operational expenses.
Controlling food costs, lessening waste, and forecasting demand accurately are crucial.
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One applicant will also have the chance to win a year’s worth of free pizza and a Nintendo Switch.
Its current store network is now worth $4 million a year.
Find out how the upgraded digital menu signages improved the brand's operational and cost efficiencies.
The fast food chain has 54 restaurants across SA and 449 nationally.