Qube Holdings Limited has been suspended from quotation on the Australian Securities Exchange, effective from the close of trading on 8 July 2026. The suspension follows the lodgement of Supreme Court of New South Wales orders with ASIC that approve a scheme of arrangement under which Rubik Australia Pty Limited will acquire all issued shares in the company. This represents a significant development in the takeover process and signals that court approval has been secured for the transaction to proceed toward completion.
A scheme of arrangement is a formal mechanism under Australian corporate law that allows one party to acquire another company through a structured process involving shareholder voting and court approval. The fact that the Supreme Court of New South Wales has approved Rubik Australia’s acquisition scheme indicates that the court was satisfied the arrangement is fair to shareholders and has been conducted in accordance with all statutory requirements. The court’s approval is a critical validation that the terms of the acquisition adequately protect shareholder interests. The suspension from quotation under ASX Listing Rule 17.2 is a standard procedural step that occurs once a court-approved scheme reaches this stage, preventing the securities from trading while the transaction is being implemented.
For QUB shareholders, the suspension represents an important milestone in the acquisition process. The court approval was a critical hurdle to clear, and the Supreme Court’s granting of the orders suggests the transaction has successfully navigated one of the major regulatory and legal obstacles. Shareholders should understand that trading in their securities is no longer possible on the exchange, though the scheme of arrangement will outline precisely how their shareholdings will be acquired and what consideration will be provided. The specific terms of the acquisition, including the price or consideration being offered to shareholders, would have been detailed in documentation provided when shareholders voted on the scheme at an earlier stage of the process.
The suspension also reflects standard ASX operational protocols for managing corporate transactions that have reached an advanced stage of development. Once a scheme is court-approved and the orders are lodged with ASIC, the exchange typically suspends trading to prevent market confusion and to facilitate the smooth implementation of the transaction. This suspension is procedural and temporary rather than indicative of any compliance concerns with the company or its management.
Looking ahead, investors should monitor for announcements regarding the actual completion of the acquisition and the final date on which the scheme becomes effective. The implementation of a court-approved scheme generally requires only administrative formalities once court orders are lodged with ASIC, though the precise timetable can vary depending on the transaction’s specific circumstances and any outstanding conditions precedent. QUB shareholders should refer carefully to the scheme documentation and any further announcements from the company or the ASX for specific guidance on settlement dates and the process for receiving their acquisition consideration. This announcement is classified as price sensitive and has been flagged as material information by the ASX.
View the full ASX announcement (PDF)
About Qube Holdings Limited (ASX: QUB)
Qube Holdings Limited is an Australian-based provider of integrated import and export logistics services operating in Australia, New Zealand, and Southeast Asia. The company operates through two core divisions: its Operating Division, which provides containerised cargo handling, grain trading, road and rail transport, warehousing, and industrial logistics services, and its 50% interest in Patrick Terminals, a leading container terminal operator. Qube offers comprehensive supply chain solutions including port logistics, bulk logistics, and specialized services across major Australian ports.
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