QEX fined $150k and censured again

QEX fined $150k and censured again
QEX has now been hit with a $150,000 fine. (Image: supplied)
Rebecca Howard
The NZ Markets Disciplinary Tribunal publicly censured QEX Logistics for breaching NZX Listing rules and ordered it to pay a financial penalty of $150,000, and the costs of the NZX and the tribunal.According to the determination, it failed to “promptly and without delay” advise the market of prospective and actual breaches by its wholly-owned subsidiary, New Y Trading Ltd, of its interest cover covenant with Westpac New Zealand.“The tribunal considers that each interest cover breach was material information because a reasonabl...

More Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Riley Kennedy 03 Jul 2025