News

Strategic Finance censured, fined over sale disclosure

Monday 22nd of September 2008
NZX Regulation imposed a NZ$20,000 fine. Managers, directors and partner BOS International last month agreed to acquire the business from Allco HIT in a deal valued at about NZ$90 million.

According to the determination, released today, Strategic called certain brokers on August 7 about the sale of its parent, without having informed the NZX. The breached widened the following day when...

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