FMA alleges market manipulation by Oceania Natural directors

Mon, 15 Apr 2019

By Gavin Evans April 15 (BusinessDesk) - Three directors of Oceania Natural, a marketer of Manuka honey products and noni juice, are among four individuals facing legal action from the Financial Markets Authority. The authority has issued civil proceedings in the High Court alleging market manipulation and breaches of disclosure obligations. The 15 causes of action relate to trading in Oceania Natural shares between May 2016 and April 2017. The company was listed on the NXT board from March 2016 until it was delisted in June last year....

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