Embattled QEX Logistics to seek delisting and sale

The company's shares have been suspended since February.
QEX Logistics, whose shares have been suspended since its board resigned en-masse in mid-February, is looking to delist from the NZX.
The logistics company said in a stock exchange announcement today that it would seek approval from the NZX and shareholders to delist from the main board.
This was after its shares were suspended indefinitely on February 18 when it fell foul of listing rules following the resignations of chair Conor English and directors Danny Chan and Martin MacDonald.
They all left citing “differences” with chief executive and majority shareholder, Jingjie (Ronnie) Xue.

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