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QEX announced on Thursday that it planned to delist from the NZX after the resignation of most of its board and a string of negative events. The company reported the theft of about $4m in stock from a Shanghai warehouse last year, and since then charges have been laid by the Ministry of Primary Industries under the Animal Products Act against QEX’s trading subsidiary, New Y Trading, and QEX chief executive Ronnie (Jingjie) Xue. Supplied Oliver Mander believes QEX leaving the NZX would be the “worst possible outcome” for shareholders. Now QEX, which exports infant formula and health products, is currently suspended from trading after all its directors except Xue resigned in February. Under NZX rules, the company must have a minimum number of directors. ....
About 145 staff off work after 'administration oversight' closes Takitimu shops nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
MPI brings charges against QEX subsidiary over exports 23 Feb, 2021 04:25 AM 3 minutes to read Ronnie and Doreen Xue of QEX Logistics. Photo / Supplied QEX Logistics has revealed that the Ministry for Primary Industries (MPI) has brought charges under the Animal Products Act against its trading subsidiary New Y Trading Ltd and QEX s chief executive Jinjie (Ronnie) Xue. MPI brought the charges in November last year. QEX said MPI is continuing its investigation and the charges are currently under review by MPI. Read More Advertisement New Y and Xue would defend the charges, QEX said. The charges allege that New Y and Xue in August 2019 attempted to export milk powder and honey without raising export declarations in MPI s e-certificate system in breach of the Animal Products Act 1999. ....
The distribution methods used via these agreements are illegal under rules that came into effect in 2016. They require dairy farmers to register if they want to produce raw milk, and follow hygiene rules for bottling, storing and distributing the milk. John Hawkins Ministry for Primary Industries compliance director Gary Orr confirmed on Friday charges have been laid. That s because unpasteurised milk that hasn t been treated carries more risk of food poisoning and has been linked to gastrointestinal outbreaks. Gary Orr, the ministry’s director of compliance services, confirmed the charges in a statement to Stuff on Friday. The charges vary from supplier to supplier, but relate to failing to comply with the Animal Products Act, breaches of notices and obstruction. ....