Suspended QEX loses second auditor in less than a month
8 Mar, 2021 08:53 PM
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Ronnie and Doreen Xue of QEX Logistics. Photo / Supplied
QEX logistics has lost its second auditor in less than a month.
The company said its auditor, RSM Hayes Audit, had resigned, effective from today.
RSM was appointed on February 10 after the resignation of Deloitte.
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• The resignations of its independent directors and the company s non-compliance with the NZX Listing Rules.
• The suspension of QEX s ordinary shares from trading on the NZX.
QEX said the company is in discussions with potential replacement auditors.
NZ RegCo, the NZX s regulatory arm, last month said formal investigations were under way into QEX on a number of matters relating to the company s compliance with listing rules and disclosure requirements.
NZX s NZ RegCo launches investigation into QEX nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
MPI brings charges against QEX subsidiary over exports
23 Feb, 2021 04:25 AM
3 minutes to read
Ronnie and Doreen Xue of QEX Logistics. Photo / Supplied
QEX Logistics has revealed that the Ministry for Primary Industries (MPI) has brought charges under the Animal Products Act against its trading subsidiary New Y Trading Ltd and QEX s chief executive Jinjie (Ronnie) Xue.
MPI brought the charges in November last year.
QEX said MPI is continuing its investigation and the charges are currently under review by MPI.
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New Y and Xue would defend the charges, QEX said.
The charges allege that New Y and Xue in August 2019 attempted to export milk powder and honey without raising export declarations in MPI s e-certificate system in breach of the Animal Products Act 1999.