.SYDNEY, Feb 18 (Reuters) - Trading in the shares of
Australia's third largest iron ore miner Fortescue Metals Group
was halted on Friday pending the expected announcement
of a decision in relation the appeal of financial regulator
ASIC, the firm said.
The Australian Securities and Investments Commission (ASIC)
was appealing a Federal Court dismissal in 2009 of its case
against Fortescue and its chief executive, Andrew Forrest.
The case centred on statements made by the iron ore producer
about "binding" infrastructure deals with Chinese parties that
did not transpire.
ASIC alleged Forrest and Fortescue engaged in misleading and
deceptive conduct by overstating in stock exchange announcements
the nature and legal effect of framework agreements signed with
three Chinese state-owned entities in August and November 2004.
(Reporting by James Regan)
.
.SYDNEY, Feb 18 (Reuters) - Trading in the shares ofAustralia's...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |