List of Flash News about CHESS Depositary Interests
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2025-12-18 13:21 |
Genius Group (NYSE American: GNS) selects ASX for dual listing, appoints DLA Piper; 45-day IPA filing and 4-month timeline via CDIs, Bitcoin-first positioning
According to @rogerhamilton, Genius Group (NYSE American: GNS) has appointed DLA Piper to advise on its application for a dual listing on the Australian Securities Exchange (ASX) (source: Genius Group press release via Globe Newswire, Dec 18, 2025; source: Roger James Hamilton X post, Dec 18, 2025). The company’s board approved on Aug 8, 2025 a plan to pursue an Asia-Pacific dual listing, shortlisted ASX, KRX, and HKEX, and selected ASX while maintaining its primary U.S. listing (source: Genius Group press release via Globe Newswire, Dec 18, 2025). Trading on ASX would utilize CHESS Depositary Interests (CDIs) so Asia-Pacific investors can trade local economic interests in GNS shares that remain registered in the U.S. market (source: Genius Group press release via Globe Newswire, Dec 18, 2025). DLA Piper will prepare and lodge an In Principle Advice application with ASX within 45 days; if successful, the dual listing process is expected to take approximately four months and remains subject to ASX approval (source: Genius Group press release via Globe Newswire, Dec 18, 2025). CEO Roger James Hamilton cited ASX’s scale, noting over 2,000 listed entities and more than US$3 billion in daily trading volume as context for investor access (source: Genius Group press release via Globe Newswire, Dec 18, 2025). For traders, near-term event milestones are the IPA submission window and the potential completion ~four months thereafter, with structure via CDIs and continued NYSE American primary listing; the company also describes itself as an AI-powered, Bitcoin-first education group, linking the equity story to BTC-related themes (source: Genius Group press release via Globe Newswire, Dec 18, 2025). |