Geo censured for delayed goodwill impairment
NZX has ordered tech company to pay a penalty for breaching listing rules.
NZX-listed workplace management app developer Geo has been censured and ordered to pay over $40,000 for breaching listing rules by taking too long to impair its GeoSales mobile app.
On June 1, 2016, Geo bought Australian company, InterfaceIT for $9 million, paid for with a mixture of shares and
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