Cannabis company Medical Kiwi declined NZX listing
9 Apr, 2021 01:00 AM
6 minutes to read
Medical Kiwi has been denied a listing on the NZX. Photo / 123RF
Cannabis company Medical Kiwi - the subject of ongoing inquiries by the financial markets regulator - has been denied a listing on the NZX. NZ RegCo chief executive, Joost van Amelsfort, responsible for NZX regulation, confirmed the stock exchange has declined Medical Kiwi s application and determined the company is not suitable for a direct listing at this time.
A Financial Markets Authority (FMA) spokesman said its investigations into the company are ongoing.
Medical Kiwi s chairman and executive director, Aldo Miccio, rejected the characterisation that his firm s application has been declined.
Suspended QEX loses second auditor in less than a month
8 Mar, 2021 08:53 PM
3 minutes to read
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.
New Zealand has gone through the most significant re-engagement with the share market in more then three decades but there is a risk that a lack of knowledge could lead to some people being burnt.