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flag QEX Logistics director banned for three years for missing financial reports.

flag Former CEO and director Jingjie Xue of New Zealand-listed freight logistics company QEX Logistics has been banned from serving as a director for three years and ordered to pay a $175,000 penalty. flag The Financial Markets Authority imposed the fines after the company failed to file annual financial statements, leading to its suspension and delisting. flag This marks the first time the regulator has taken civil action for financial reporting failures under the Financial Markets Conduct Act.

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