CFOAM (ASX:CFO) has recently completed the sale of its 74.34% interest in CFOAM Corp to CONSOL Energy Inc. for US$1,000,000.
However, they have not yet finalised any new proposals and ASX has confirmed that they will suspend trading in CFO’s securities as they must comply with Listing Rule 12.1.
Any new transactions they enter into may require that they re-comply with Chapters 1 and 2 of the Listing Rules.