Pyne Gould fined $300k by NZX for late reporting, governance breaches

Thu, 27 Oct 2016

By Sophie Boot Oct. 28 (BusinessDesk) - Pyne Gould Corp, the investment group that plans to target 'distressed assets', has been fined $300,000 by the NZ Markets Disciplinary Tribunal for repeated late filings of annual and interim financial information. The company missed the deadline for filing its annual results for the third year running in 2016, filing them on Aug. 30 after the NZX warned its shares would be suspended if it failed to deliver the report by Sept. 5. The shares were suspended from Oct.8, 2015, until June the followin...

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