Fiji’s Capital Market Authority and South Pacific Stock Exchange should spearheard their own investigations into FHL.
FHL board and management have no doubt exhibited non-compliance of important rules and regulations governing publicly listed companies operational conduct.
They have unashamedly displayed their cunning ploy to hide their failed attempts to secure financing for their BP venture.
And in doing so, they have lied to the public and shareholders with their many broken promises in closing the deal.
CMDA and SPSE in the meantime should suspend FHL stock from trading on the floor while they carry out their own independent investigation.
FHL must not be allowed to bastardise nor personalise Fiji’s capital market standards based on their internal bickering.
Fiji’s capital market is bigger and more important than FHL.
FHL board must be reprimanded for not towing the line!
