Brief: Australia's ASIC Says Holista Colltech To Pay A$1.8 Mln Penalty For Breaching Disclosure Rules

Holista Colltech

20/03/2024 09:59

March 20 (Reuters) - Australian Securities & Investments
Commission:
    * HOLISTA COLLTECH TO PAY A$1.8 MILLION PENALTY FOR
BREACHING
CONTINUOUS DISCLOSURE OBLIGATIONS
    * HOLISTA COLLTECH TO PAY PENALTY FOR BREACHING CONTINUOUS
DISCLOSURE OBLIGATIONS OVER  SALE OF ITS COVID PRODUCT
    * FEDERAL COURT FOUND HOLISTA’S CEO FAILED TO DISCHARGE HIS
DUTIES
TO HOLISTA WITH SUFFICIENT CARE AND DILIGENCE
    * HOLISTA ENGAGED IN SERIOUS CONTRAVENTIONS OF CORPORATIONS
ACT
AND MADE MISLEADING CLAIMS TO INVESTORS
    * FEDERAL COURT ORDERED HOLISTA COLLTECH TO PAY PENALTY FOR
MAKING
MISLEADING REPRESENTATIONS OF SALES OF ITS SANITISER PRODUCT

Further company coverage:  HCT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))