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  • Regulator’s Column: What SGX Expects Of Issuers’ Disclosures During COVID-19

    Date 22/04/2020

    The COVID-19 outbreak has given rise to high levels of volatility in the global financial markets.  COVID-19 and the resultant actions taken by the governments and businesses around the world to protect public health and safety are unprecedented on many fronts. Companies and individuals alike have had to make major adjustments amid the current challenges. 

  • HKEX Welcomes Appointment Of Secretary For Financial Services And The Treasury

    Date 22/04/2020

    Please see below a short statement from HKEX Chairman Laura M Cha:

    My warmest congratulations to Mr Christopher Hui on his appointment as Secretary for Financial Services and the Treasury. Chris has extensive experience in strategic business development in the financial services industry, across both the private and public sectors, giving him deep insight and expertise for this important role. I look forward to working with Chris and his team to further enhance Hong Kong’s relevance as a global financial centre.
     


  • New Zealand's Financial Markets Authority Reminds Market Of Inside Information Restrictions

    Date 22/04/2020

    COVID-19 has caused increased volatility in financial markets, both in New Zealand and globally. Concerns have been raised in some offshore markets regarding potential misconduct by information insiders.


  • The 10th Shanghai Stock Exchange General Meeting Held Successfully

    Date 22/04/2020

    On April 18, also the 30th anniversary of the development and opening up of Pudong New Area, the Shanghai Stock Exchange (SSE) successfully held the tenth general meeting. The meeting was convened by the SSE Board of Governors. Li Chao, vice chairman of the China Securities Regulatory Commission (CSRC), delivered a video speech to the meeting. Huang Hongyuan, Party Chief and Chairman of the SSE, presided over the meeting. Attending the meeting were the representatives of 120 members and special members of the SSE, officials of relevant CSRC departments, members of the leadership of the SSE and heads of relevant SSE departments.

  • ASIC Notes financial Reporting Changes

    Date 22/04/2020

    ASIC notes the decisions by the following companies:

    • Authorised Investment Fund Limited – The decision to write down investment assets by $9.36 million in its financial report for the half-year ended 31 December 2019. ASIC had raised questions about the company’s assessment of the value of investment assets in its financial report for the year ended 30 June 2019.
    • Ovato Limited – The decision to write down goodwill by $35.2 million in its financial report for the half-year ended 31 December 2019. ASIC had raised questions about the company’s impairment assessment for its non-current assets at 30 June 2019, given negative free cash flows and losses from operations for the year then ended.
    • Teaminvest Private Group Limited – The decision to derecognise $14.4 million of goodwill and recognise a share-based payment expense of $2.2 million in restated figures for the year ended 30 June 2019 in its financial report for the half-year ended 31 December 2019. ASIC had raised questions about Teaminvest Private Group Limited being treated as the accounting acquirer of Teaminvest Private Pty Limited in the financial report for the year ended 30 June 2019. The transaction has now been treated as a reverse acquisition.
    • Trimantium GrowthOps Limited – The decision to write down goodwill by $10.3 million in its financial report for the half-year ended 31 December 2019. ASIC had raised questions about the value of the company’s intangibles assets in its financial report for the year ended 30 June 2019.