Trading of Fiji TV shares suspended
26 February, 2021, 1:09 pm
Trading of Fiji Television Ltd shares on the e-trading platform has been suspended with immediate effect.
In a market announcement issued this morning, South Pacific Stock Exchange (SPX) acting CEO Pretesh Prasad said the suspension was in accordance with Section 71.1 (viii) of the SPX Listing Rules which stipulates as follows:
“Circumstances where the SPX may halt or suspend trading for the protection of investors or the maintenance of an orderly and fair trading may include the following: in any other circumstance that the SPX considers proper in its absolute discretion.”
The announcement stated that the decision was made in light of the request made by FTV stating that its external auditor wished to recall and re-issue the financial statements for the financial year ended 30th June 2020, under the provision of the International Standard on Auditing (ISA) 560 – Subsequent Events.
This will also include restatement of financial figures for financial years 2018 and 2019.