August 12, 2016 BY Valentina Kirilova

Federal Court of Australia finds against Sino Australia Oil and Gas Limited and its former chairman Tianpeng Shao

The Federal Court of Australia has made declarations that Sino Australia Oil and Gas Limited and its former chairman, Mr Tianpeng Shao, contravened the Corporations Act. As part of its case, ASIC alleged that Sino breached its continuous disclosure obligations and made misleading and deceptive statements in its prospectus documentation during 2013. ASIC also alleged that…

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