The Australian Securities & Investments Commission (ASIC) has commenced legal proceedings alleging Regional Express Holdings Ltd engaged in misleading and deceptive conduct and contraventions of continuous disclosure obligations.
ASIC will also allege former executive chair Lim Kim Hai was involved in Rex’s continuous disclosure breach and that Mr Lim, along with The Hon John Sharp AM, Lincoln Pan and Siddharth Khotkar, contravened their directors’ duties.
Read more at the ASIC Website