ASX in war of words with Magnis Energy as shares remain suspended

Magnis Energy, once one of the ASX’s most promising renewables plays, is at war with the market operator which is demanding the company hand over details of sales contracts before it is allowed to resume trading.

Worth more than $500 million after recording a share price rise of almost 200 per cent in 2022, Magnis has not traded since December when the ASX raised concerns about some of the company’s disclosures.