NZ RegCo to delist 'integrity damaging' QEX

The NZ Shareholders’ Association says the company has vacated its premises but nobody was sure if it was still operational. (Photo: supplied)

Dan Brunskill

Fri, 25 Feb 2022

New Zealand’s listed market regulator says it will delist troubled export firm QEX from the exchange in April – a forceful action that hasn’t been seen in recent exchange history.NZ RegCo chief executive, Joost van Amelsfort, said it was the first time a company has been forcibly delisted since he began working for the exchange in 2014. He said in a statement to the NZX that leaving the non-compliant company on the exchange damaged market integrity without offering shareholders much protection.“Cancelling QEX&rsquo...

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