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Shareholders Association takes on QEX Logistics


QEX announced on Thursday that it planned to delist from the NZX after the resignation of most of its board and a string of negative events.
The company reported the theft of about $4m in stock from a Shanghai warehouse last year, and since then charges have been laid by the Ministry of Primary Industries under the Animal Products Act against QEX’s trading subsidiary, New Y Trading, and QEX chief executive Ronnie (Jingjie) Xue.
Supplied
Oliver Mander believes QEX leaving the NZX would be the “worst possible outcome” for shareholders.
Now QEX, which exports infant formula and health products, is currently suspended from trading after all its directors except Xue resigned in February. Under NZX rules, the company must have a minimum number of directors. ....

New Zealand , Ronnie Jingjie Xue , Ministry Of Primary Industries , Nz Shareholder Association , Oliver Mander , Primary Industries , Animal Products Act , Newy Trading , புதியது ஜீலாந்து , அமைச்சகம் ஆஃப் ப்ரைமரீ தொழில்கள் , ந்ஸ் பங்குதாரர் சங்கம் , ஆலிவர் ம்யாந்‌டர் , ப்ரைமரீ தொழில்கள் , விலங்கு ப்ராடக்ட்ஸ் நாடகம் , புதியது வர்த்தக ,

Shipping company QEX Logistics should not delist - NZSA


Photo: NZX / Supplied
QEX said the move was in the best interests of its shareholders because negative publicity surrounding the business in recent months had made it difficult to find independent directors after they all resigned in February, citing issues with chief executive Ronnie Xue.
Shareholders Association chief executive Oliver Mander said it was in the best interest of shareholders for the company to remain, as it would still be required to comply with the NZX s transparency and accountability rules.
We do not believe that there will be an enhanced opportunity for accountability if the company were to delist, he said, adding the lack of transparency could increase the risk of further losses to shareholders. ....

Ronnie Xue , Ministry For Primary Industries , Shareholder Association , Oliver Mander , ரோனி கிஷுே , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , பங்குதாரர் சங்கம் , ஆலிவர் ம்யாந்‌டர் ,

Stock Takes: Shareholders' Association will fight 'unprecedented' de-listing of QEX Logistics


Stock Takes: Shareholders Association will fight unprecedented de-listing of QEX Logistics
23 Apr, 2021 05:40 AM
4 minutes to read
Tony Falkenstein, chair and chief executive of Just Life Group. Photo / Brett Phibbs
NZ Herald
The NZ Shareholders Association will vote proxies against the de-listing of QEX Logistics (QEX) in any upcoming vote of shareholders.
The association believes the move by the company is unprecedented on the NZX.
NZSA
believes the future of the company is best decided within the transparency provided by a public listing and the accountability provided by the NZX listing rules, it says.
The company has stated that it wishes to prepare itself for sale once it de-lists. Should the company de-list, NZSA believes there is an increased risk of further loss of value for shareholders. ....

New Zealand , Tony Falkenstein , Ronnie Xue , Lester Oil , Ministry Of Primary Industries , Nz Shareholder Association , Shareholder Association , Harvard Group , Just Life Group , Primary Industries , Oliver Mander , Life Group , Just Water , About Health , Just Life , Designer Tanks , புதியது ஜீலாந்து , டோனி ஃபால்கென்ஸ்டீன் , ரோனி கிஷுே , அமைச்சகம் ஆஃப் ப்ரைமரீ தொழில்கள் , ந்ஸ் பங்குதாரர் சங்கம் , பங்குதாரர் சங்கம் , ஹார்வர்ட் குழு , வெறும் வாழ்க்கை குழு , ப்ரைமரீ தொழில்கள் , ஆலிவர் ம்யாந்‌டர் ,

Financial sector leaks in Australian media hurt retail investors - Shareholders' Association


Photo: 123RF
A number of big-money deals and speculation about potential takeovers and capital raising have popped up in Australian media, notably the Australian Financial Review, well-before being made public on the local stock exchange.
Recent examples include an Australian bid for Infratil, a local apple exporter s interest in Villa Maria wines, and a Canadian pension fund s last ditch bid to snap up Tilt Renewables.
Shareholders Association s chief executive Oliver Mander said the practice was creating an uneven playing field for retail investors who relied on being fairly and equally informed about developments in investment markets.
The AustralianSuper bid for Infratil last year was a good example of how leaks hurt retail investors, as the information was released on an Australian news website behind a paywall late in the afternoon but not disclosed to the local market, he said. ....

Villa Maria , Tilt Renewables , Shareholder Association , Australian Shareholder Association , Australian Financial Review , Oliver Mander , Australian Shareholder , வில்லா மரியா , சாய் புதுப்பிக்கத்தக்கவை , பங்குதாரர் சங்கம் , ஆஸ்திரேலிய பங்குதாரர் சங்கம் , ஆஸ்திரேலிய நிதி விமர்சனம் , ஆலிவர் ம்யாந்‌டர் , ஆஸ்திரேலிய பங்குதாரர் ,