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No. 1 priority to get listing going
Mar 03, 2013 (The Australian Financial Review - ABIX via COMTEX) --
Loyalty card services firm Priority One Network Group had planned to stage an initial public offering in late 2012, but was stopped by the Australian Securities & Investments Commission (ASIC). There were question marks over the valuation of its intangible assets, halting the $A18m float. A renewed attempt is now being made by the company, seeking to issue stock at $A0.30 a share and raise $A15m. Another problematic issue for Priority One are its supposed ties to identities such as real estate developer Phillipe Barros, banned by ASIC in 2008.
Publication Date: 4 March 2013
PRIORITY ONE NETWORK GROUP LIMITED - ASX POR
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
MARRIOTT CORPORATION
H&R BLOCK INCORPORATED
TICKETMASTER
IPTV PTY LTD
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