,Australia

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.
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The fast food chain has 54 restaurants across SA and 449 nationally.