Intueri plans to delist from Australian exchange to cut costs

Wed, 23 Nov 2016

By Tina Morrison Nov. 24 (BusinessDesk) - Intueri Education Group plans to delist its stock from the Australian Securities Exchange, saying the shares are little traded and the move would reduce costs. "Intueri’s board considers that current trading volumes and the benefits of listing do not warrant the costs of maintaining an ASX listing," the Auckland-based company said in a statement. "The majority of Intueri’s shareholders (about 75 percent) hold their shares on the New Zealand register and in the past six months, 64 percent of share...

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