Mega listing process proceeds despite share seizure

The NZX has declined to comment on whether the proposed reverse listing of Mega via TRS Investments would be able to go ahead if 18.81% of the data storage and encryption company’s shares remain in the custody and control of the Official Assignee.

The shares – held by companies T E Y Trustee and New Vision Trustee – are among millions of dollars of assets associated with William Yan (also known as Bill Liu) that have reportedly been seized by police as part of an investigation of a money laundering ring.

 

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