QEX fined $80,000 for ‘materially adverse’ disclosure failure
Board knew $4m of inventory missing weeks before announcement.
NZX-listed QEX Logistics, whose shares have been suspended since its board resigned en-masse in mid-February, has been fined $80,000 for failing to properly disclose the theft of $4.3 million-worth of milk powder and baby formula.
In February, the stock exchange’s regulatory body NZ RegCo said
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