Keeping QEX in the family

Keeping it in the family is not always the best way forward for a listed company

Fri, 05 Mar 2021

The 2010s were good for QEX Logistics’ founders Ronnie and Doreen Xue.In just eight short years, they went from running a niche logistics group out of their garage to listing it on the NZX’s now-defunct NXT market before shifting it to the main board.It’s a shame everything fell apart so spectacularly in the dawn of the 2020s.An uninsured $4 million theft in Shanghai, allegations of dodging export declarations, a boardroom revolt, a suspension of share trading plus an investigation into whether QEX complied with listing rules...

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