Oct 18 (Reuters) - Australian Securities & Investments Commission (ASIC):
- FEDERAL COURT ORDERED AUSTAL LIMITED PAY A PENALTY OF A$650,000
- COURT FOUND AUSTAL’S FORMER CEO WAS KNOWINGLY INVOLVED IN DISCLOSURE FAILURES
- AUSTAL, EX-CEO ADMITTED THAT BETWEEN 16 JUNE-4 JULY 2016, AUSTAL FAILED TO DISCLOSE LIKELY PROFIT WRITEBACK OF AT LEAST $90 MILLION FOR FY2016
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News: ASB Australia's ASIC Says Court Ordered Austal Pay A Penalty Of A$650,000
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