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30 Apr 2024

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QEX Logistics slapped with an extra $150k fine over non-disclosure
The NZ Markets Disciplinary Tribunal has ordered NZX-listed QEX Logistics to pay a $150,000 penalty for breaching disclosure requirements in 2020 and 2021.The fine is in addition to an $80,000 penalty imposed last October for non-disclosure...

QEX Logistics fined $80k for NZX disclosure breaches
QEX Logistics has been censured and fined $80,000 by the NZ Markets Disciplinary Tribunal for breaching its continuous disclosure obligations.Trading in QEX shares has been suspended since February.In a settlement agreement announced...

QEX Logistics Limited (NZX: QEX) Auditor Resignation
QEX advises that its auditor, RSM Hayes Audit, has resigned from its role with effect from the date of this announcement. The company is in discussions with potential replacement auditors and will update the market once further information is available

MPI brings charges against QEX subsidiary over exports
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...

QEX shares suspended after three directors resign, banking covenant breach
Shares in QEX Logistics have been suspended after the company announced all three of its independent directors had resigned effective immediately.The regulatory arm of the NZX said it had exercised its discretion under the listing...

QEX’s Missing Inventory in Shanghai Bonded Warehouse
QEX Logistics Limited (QEX) advises that an estimated NZ$4 million of inventory has been removed from its secured China Custom’s bonded warehouse without the Company’s authorisation. At this stage the QEX Board has taken the view that the inve

Kiwi company's goods worth $4m disappear in China
QEX Logistics is worried about its finances after inventory disappears in China.

QEX Logistics Limited (NZX: QEX) NZ Markets Disciplinary Tribunal Censure
In the Settlement Agreement, QEX accepted the breach set out and the penalties imposed. QEX was censured and fined $80,000. The Tribunal has approved the Settlement Agreement and released the censure and details of the fine today

QEX Logistics censured for delay in revealing $4 million stock disappearance
Company ordered to pay $80,000 for taking too long to tell shareholders about stock missing from its warehouse in China.

Suspended QEX loses second auditor in less than a month
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. Read More...

NZX's NZ RegCo launches investigation into QEX
The NZX's regulatory arm, NZ RegCo, said formal investigations were under way into QEX Logistics on a number of matters relating to the company's compliance with listing rules and disclosure requirements.NZ RegCo's chief executive...

QEX Logistics Limited (NZX: QEX) Ministry for Primary Industries Charges
QEX advises that on 25 November 2020 the Ministry for Primary Industries (MPI) brought charges under the Animal Products Act 1999 against QEX’s trading subsidiary New Y Trading Limited (New Y) and QEX’s CEO, Jinjie (Ronnie) Xue

QEX Logistics Limited (NZX: QEX) Suspension of Quotation
The suspension follows the announcement by QEX that all QEX’s independent directors have resigned with immediate effect. As a result of those resignations, QEX currently only has one director, who is a non-independent director

QEX Logistics Limited (NZX: QEX) Half Year Results Announcement
Revenue for the period was $19.4 million compared to $27.8 million in the prior corresponding period. The net loss after tax for the period was $5.9 million which includes a $4.3 million loss before tax relating to the missing inventory