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25 April 2025
| Name: | HEAT EXCHANGERS INTERNATIONAL LIMITED (HEI) (This company subsequently changed its name to NEW AGE EXPLORATION LIMITED. You should refer to that name for Status.) | |||||||||
| Date of Listing: | 18 February 1994 | |||||||||
| Subsequent Names: |
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Stock Exchange Status: (updated daily)
This company subsequently changed its name to NEW AGE EXPLORATION LIMITED. You should refer to that name for Stock Exchange Status.Legal Status: (updated monthly)
This company subsequently changed its name to NEW AGE EXPLORATION LIMITED. You should refer to that name for Legal Status.Capital Gains Tax (CGT) Status: (updated at least quarterly)
This company subsequently changed its name and is now NEW AGE EXPLORATION LIMITED. You should refer to that name for Capital Gains Tax Status.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| NEW AGE EXPLORATION LIMITED | 28/07/2006 | |
| LABTAM LIMITED | 24/11/2004 | 28/07/2006 |
| HEAT EXCHANGERS INTERNATIONAL LIMITED | 24/11/2004 |
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name changed to Labtam Limited | 24/11/2004 |
lodges 2004 Annual Report and provides Notice of AGM | 20/10/2004 |
company advises it has consolidated its shares on a 1 for 100 basis | 20/09/2004 |
we understand that on or about this date the company consolidated its shares 1 for 100 | 20/08/2004 |
shareholders vote in favour of a series of resolutions including capital restructure and the acquisition of the business of Labtam Pty Ltd, a Victorian Electronic Assembly business - as part of the restructure, shareholders voted to change the name of the Company to Labtam Limited | 19/08/2004 |
lodges accounts and reports from 2001 to 2003 - the latest show the company has no cash, no assets and $2.2m in payables | 06/07/2004 |
company is finalising outstanding financial statements and preparing an information memorandum - it is expected this will be finalised shortly and a shareholders meeting called in June for sometime in July | 13/05/2004 |
changes in directors and company secretary | 12/03/2004 |
company intends to purchase assets and will shortly seek shareholder approval - relisting of the company's shares is possible, but it is unlikely there will be much residual value (if any) arising out of existing shares | 16/02/2004 |
directors eventually advise the market that on the 29 September 2003 Moonlighting Limited replaced the ANZ Bank as the secured creditor of the company - Moonlighting intends to restructure the company and look for acquisition opportunities in order to re-capitalise and re-list Heat Exchangers International Limited | 05/12/2003 |
directors eventually advise the market the company entered into a Deed of Company Arrangement on 14 Nov 03 - J Lindholm and G Georges of Ferrier Hodgson are the Deed Administrators - it is envisaged the company will recapitalised and relisted essentially with creditors converting their debt to equity at an agreed rate | 05/12/2003 |
the receiver and manager and the secured creditor have undertaken a transaction under which the secured debt has been sold - the purchaser intends to recapitalize the company, and has appointed voluntary administrators, J Lindholm and G Georges of Ferrier Hodgson to give effect to this - the receivers and managers will resign shortly | 06/10/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
receivers are in the process of arranging an advertisement in a national newspaper to seek expressions of interest in the shell - this should appear in the coming weeks - pending the outcome of the advertisment the company will either continue with a potential buyer or return to the control of the directors to determine whether to place the company into liquidation or to continue to trade | 10/07/2003 |
seeking update from receivers | 03/07/2003 |
receivers confirm possibility that the listed shell could be sold, subject to ASX approval for the shares to resume trading (as a "backdoor listing") - to date ASX has not approved any such deal - should such a transaction not proceed, the receivership will be finalised and the company and its subsidiaries returned to the control of the directors to determine whether to place the company into liquidation or to continue to trade - we should know, one way or another, within the next few months what the ultimate fate of the company is likely to be | 19/02/2003 |
we would appreciate an update from receivers regarding the proposal for a 'back door' listing | 02/12/2002 |
Not delisted - suspended 9/1/01 - announcements can be viewed at asx.com.au | 01/12/2002 |
receivers advise they are in the early stages of formalising a proposal for a 'back door' listing | 09/10/2002 |
shareholders are unable to claim their loss for tax purposes as a liquidators declaration has not been issued - if the company is the subject of a 'back door' listing and regains quotation, any loss could be crystallised by sale on the market - shareholders would need to seek professional investment/tax advice at that time | 09/10/2002 |
business sale agreement executed for the sale of the assets and businesses of WE Smith Engineering Pty Ltd (Receiver and Manager Appointed) | 29/03/2001 |
business sale agreement executed for the sale of the assets and businesses of the company | 16/03/2001 |
company's shares suspended from quotation | 09/01/2001 |
directors resolve to appoint an administrator to the company after having endeavoured (unsuccessfully) over a period of fifteen months to sell the business | 09/01/2001 |
M Mentha of Arthur Andersen appointed receiver and manager | 09/01/2001 |
name changed to Labtam Limited | 24/11/2004 |
lodges 2004 Annual Report and provides Notice of AGM | 20/10/2004 |
company advises it has consolidated its shares on a 1 for 100 basis | 20/09/2004 |
we understand that on or about this date the company consolidated its shares 1 for 100 | 20/08/2004 |
shareholders vote in favour of a series of resolutions including capital restructure and the acquisition of the business of Labtam Pty Ltd, a Victorian Electronic Assembly business - as part of the restructure, shareholders voted to change the name of the Company to Labtam Limited | 19/08/2004 |
lodges accounts and reports from 2001 to 2003 - the latest show the company has no cash, no assets and $2.2m in payables | 06/07/2004 |
company is finalising outstanding financial statements and preparing an information memorandum - it is expected this will be finalised shortly and a shareholders meeting called in June for sometime in July | 13/05/2004 |
changes in directors and company secretary | 12/03/2004 |
company intends to purchase assets and will shortly seek shareholder approval - relisting of the company's shares is possible, but it is unlikely there will be much residual value (if any) arising out of existing shares | 16/02/2004 |
directors eventually advise the market that on the 29 September 2003 Moonlighting Limited replaced the ANZ Bank as the secured creditor of the company - Moonlighting intends to restructure the company and look for acquisition opportunities in order to re-capitalise and re-list Heat Exchangers International Limited | 05/12/2003 |
directors eventually advise the market the company entered into a Deed of Company Arrangement on 14 Nov 03 - J Lindholm and G Georges of Ferrier Hodgson are the Deed Administrators - it is envisaged the company will recapitalised and relisted essentially with creditors converting their debt to equity at an agreed rate | 05/12/2003 |
the receiver and manager and the secured creditor have undertaken a transaction under which the secured debt has been sold - the purchaser intends to recapitalize the company, and has appointed voluntary administrators, J Lindholm and G Georges of Ferrier Hodgson to give effect to this - the receivers and managers will resign shortly | 06/10/2003 |
the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29 | 25/08/2003 |
receivers are in the process of arranging an advertisement in a national newspaper to seek expressions of interest in the shell - this should appear in the coming weeks - pending the outcome of the advertisment the company will either continue with a potential buyer or return to the control of the directors to determine whether to place the company into liquidation or to continue to trade | 10/07/2003 |
seeking update from receivers | 03/07/2003 |
receivers confirm possibility that the listed shell could be sold, subject to ASX approval for the shares to resume trading (as a "backdoor listing") - to date ASX has not approved any such deal - should such a transaction not proceed, the receivership will be finalised and the company and its subsidiaries returned to the control of the directors to determine whether to place the company into liquidation or to continue to trade - we should know, one way or another, within the next few months what the ultimate fate of the company is likely to be | 19/02/2003 |
we would appreciate an update from receivers regarding the proposal for a 'back door' listing | 02/12/2002 |
Not delisted - suspended 9/1/01 - announcements can be viewed at asx.com.au | 01/12/2002 |
receivers advise they are in the early stages of formalising a proposal for a 'back door' listing | 09/10/2002 |
shareholders are unable to claim their loss for tax purposes as a liquidators declaration has not been issued - if the company is the subject of a 'back door' listing and regains quotation, any loss could be crystallised by sale on the market - shareholders would need to seek professional investment/tax advice at that time | 09/10/2002 |
business sale agreement executed for the sale of the assets and businesses of WE Smith Engineering Pty Ltd (Receiver and Manager Appointed) | 29/03/2001 |
business sale agreement executed for the sale of the assets and businesses of the company | 16/03/2001 |
company's shares suspended from quotation | 09/01/2001 |
directors resolve to appoint an administrator to the company after having endeavoured (unsuccessfully) over a period of fifteen months to sell the business | 09/01/2001 |
M Mentha of Arthur Andersen appointed receiver and manager | 09/01/2001 |
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