Photo / SuppliedShares in QEX Logistics have been suspended after the company announced all three of its independent directors had resigned effective immediately. The suspension follows QEX's announcement that its three independent directors had all resigned. "This means that QEX no longer meets the NZX Listing Rule requirements relating to board composition, including the director residency requirement, independent director requirement and audit committee composition requirement. Photo / File"A process to urgently appoint replacement independent directors has been established in order to ensure that the company can meet its listing requirements. "New Y Trading will continue to take steps to improve its trading position to rectify its interest cover levels."

Source: New Zealand Herald February 17, 2021 20:37 UTC