Investors warned off more low offers by FMA
Fresh from preventing Bernard Whimp from making low-ball offers, the FMA has issued a warning about another company making unsolicited share offers.
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The Financial Markets Authority, fresh from successfully stoping Bernard Whimp from taking part in the low-ball business, has issued a warning about another company making unsolicited share offers.
The FMA says in a statement Share Buyer had been ordered to included a written warning with any unsolicited offers to buy shares or securities.
FMA chief executive Sean Hughes says “This order is intended to ensure the investors who receive an offer from Share Buyer to buy their shares or other securities will have the information they need to decide if that offer is in their best financial interests.”
Share Buyer is a newly-registered New Zealand company owned and directed by Australian resident Wei Ting.
Matt Nippert
Mon, 15 Aug 2011
Mon, 15 Aug 2011
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Investors warned off more low offers by FMA
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