The Listing Committee of The Stock Exchange of Hong Kong Limited just announced that has censured Natural Dairy (NZ) Holdings Limited (Stock Code: 462) for
- failing to announce and obtain shareholders’ approval in respect of a material change in the terms of a very substantial acquisition previously announced and approved by shareholders in breach of Rule 14.36 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (“Listing Rules”);
- failing to ensure the Placing Announcement and the 2013 Announcement were accurate, complete and not misleading, in breach of Rule 2.13;
The Listing Committee further censored six former executive directors of the company.
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