Australian corporate regulator takes court action against former Murray Goulburn execs
June 25 (Reuters) - Australia's corporate regulator said on Tuesday it had started civil proceedings against former executives of agricultural co-operative Murray Goulburn for breaching certain disclosure obligations on the Australian Securities Exchange (ASX).
The Australian Securities and Investments Commission (ASIC) said in a statement the proceedings were against Gary Helou, former managing director, and Bradley Hingle, former chief financial officer, over announcements made to the ASX in February 2016 regarding profit guidance and a farmgate milk price.
Murray Goulburn is listed on the ASX as MG Unit Trust . The company said in a separate statement that it had not been named as a party to the proceedings.
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