GRT ADVISES ON BACK DOOR LISTING OF DATETIX GROUP LIMITED (ASX:DTX)
DateTix Group Limited, an online networking and dating business has listed on the ASX with a market capitalisation of $11.5 million by way of reverse takeover of Enverro Limited in October 2015. The transaction changed the nature and scope of the previous listed entity’s business and so required shareholder approval under the ASX Listing Rules (which was forthcoming) and re-compliance with the ASX’s admission requirements.
DateTix Group Limited’s flagship product is an application for iPhone and android devices which encourages users to go on ‘real life’ dates (rather than just converse online). The DateTix app overtook its major competitors as the most downloaded dating application in Hong Kong in March 2016.
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