Business
REX told off for blabbing to media rather than ASX
The corporate regulator has slammed airline Regional Express Holdings Ltd (ASX: REX) for “continuous disclosure failures” to shareholders and the ASX.
The Australian Securities and Investments Commission (ASIC) on Wednesday slapped a one-year ban on the company from issuing reduced-content prospectuses to raise money on the ASX.
Regional Express must now produce a full prospectus to ask investors for further cash.
The corporate regulator didn’t mince words in explaining the prohibition.
“ASIC’s decision was based on REX’s failure to disclose to the market that it was considering the feasibility of commencing domestic operations, such as flying to capital cities, in addition to its regional operations,” stated the…
-
Noosa News20 hours agoMuster Dogs favourite Frank Finger makes final on-screen appearance with kelpie Annie in portrait show
-
General10 hours agoGoldfields man in coma after allegedly smashing head into ambulance windscreen
-
Business18 hours agoShould we be paying more attention to these two rocketing ASX small-cap mining stocks?
-
Noosa News20 hours agoWhy commuters are less likely to see familiar strangers on the bus, train or CityCat and why that makes us feel less safe