Business
NSX (ASX:NSX) drops 15%, in trading halt, after ASIC pursues director in court
NSX Ltd (ASX: NSX) was placed in a trading halt this afternoon, after shares in the stock exchange operator dropped 15% to 28 cents.
The NSX share price plummeted on news the Australian Securities and Investments Commission (ASIC) has launched civil proceedings in the Federal Court against iSignthis Ltd (ASX: ISX) and its managing director John Karantzis.
Mr Karantzis is also managing director of NSX.
A long list of allegations
ASIC alleges that iSignthis breached its continuous disclosure obligations by failing to disclose material information regarding 3 client contract agreements.
The customers – Corp Destination Pty Ltd, Fcorp Services Ltd and IMMO Servis Group – entered into agreements that provided one-off integration and…
-
Noosa News21 hours agoMeet Chad Burgess, Pauline Hanson’s One Nation Party
-
Noosa News24 hours agoFrom Dreamy Dining Rooms to Moody Basement Bars, Nearly 200 Venues Have Been Shortlisted for the 2025 Australian Interior Design Awards
-
Noosa News21 hours agoWestern Queensland graziers begin grim stock count after catastrophic floods
-
General20 hours agoTruck driver charged with causing death by dangerous driving after highway crash