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HEAT EXCHANGERS INTERNATIONAL LIMITED (HEI)

Former Name ASX

SHARE PRICES

Former (or subsequent) names

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Company details

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Date first listed: 18/02/1994
Company Secretary: 
Sector:  Industry Group: 
Activities: 

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

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

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