FMA issues warning to coconut oil company over disclosure breaches

Evco was established to manufacture coconut oil in Fiji, the FMA said. (Image: NZME)

Thu, 13 Mar 2025

The Financial Markets Authority has issued a warning to Evco Pacific for failing to meet disclosure requirements under the Financial Markets Conduct Act. The warning extends to Evco's current director, Neville Montefiore, and former directors Roger MacDonald and Christopher Nathan. The Financial Markets Authority (FMA) said its investigation, prompted by an investor complaint, revealed that Evco Pacific and its directors did not provide the necessary disclosure to investors regarding an offer of shares by its parent company, Evco...

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