RIS Group censured, fined $80,000 plus costs after repeated late filings

Wed, 15 Apr 2015

By Jonathan Underhill April 16 (BusinessDesk) - RIS Group, a shell company listed on the NZAX, has been publicly censured and fined $80,000 plus costs after missing the deadline to file its 2014 annual report, the third such breach since 2011. Shares of Wellington-based RIS were initially suspended from trading when it failed to lodge the report for its June 30 year by the Oct. 31 deadline but were allowed to resume trading when it finally did file the report on Nov. 24. NZ Markets Disciplinary Tribunal, in a determination published today...

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