Business
Crown board’s full-page advertisement ‘misled’ stock exchange – Sydney Morning Herald
The high profile board of Crown Resorts put a false statement to the sharemarket about the ownership of its most infamous high-roller partner, Suncity.
Mr Preston said he and the board were made aware of errors in the statement in the days after the ASX announcement but they had not corrected it to his knowledge. It is unlawful for a listed company or its officers to provide materially false or misleading information to the Australian Stock Exchange. There is no suggestion the board intended the statement to be misleading.
A Crown source close to the board said the Melbourne-based casino group had been given inaccurate or misleading informatio…
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