BRIEF-Australia's ASIC Says Sued Magnis Energy Technologies, Executive Chair Over Disclosure Failures

Reuters04-30

April 30 (Reuters) - Australian Securities & Investments Commission:

* SUES MAGNIS ENERGY TECHNOLOGIES AND ITS EXECUTIVE CHAIRMAN FRANK POULLAS OVER DISCLOSURE FAILURES

* LAUNCHED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST MAGNIS ENERGY TECHNOLOGIES

* ALLEGES MAGNIS BECAME AWARE THAT CLAIMS IT HAD MADE ABOUT IM3NY BATTERY PLANT’S FUNDING, AMONG OTHERS WERE INCORRECT

* CIVIL PENALTY PROCEEDINGS AGAINST MAGNIS ALLEGING IT FAILED TO DISCLOSE MATERIAL INFORMATION ABOUT ITS LI-ION BATTERY MANUFACTURING FACILITY

* SEEKING DECLARATIONS AND PECUNIARY PENALTIES AGAINST BOTH MAGNIS AND EXECUTIVE CHAIRMAN

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2431042518?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-30 09:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2431042518","market":null,"top_or_hot":-1,"title":"BRIEF-Australia's ASIC Says Sued Magnis Energy Technologies, Executive Chair Over Disclosure Failures","media":"Reuters","content":"<html><body><p>April 30 (Reuters) - Australian Securities &amp; Investments Commission:</p><p>   * SUES MAGNIS ENERGY TECHNOLOGIES AND ITS EXECUTIVE CHAIRMAN FRANK POULLAS OVER DISCLOSURE FAILURES</p><p>   * LAUNCHED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST MAGNIS ENERGY TECHNOLOGIES</p><p>   * ALLEGES MAGNIS BECAME AWARE THAT CLAIMS IT HAD MADE ABOUT IM3NY BATTERY PLANT’S FUNDING, AMONG OTHERS WERE INCORRECT</p><p>   * CIVIL PENALTY PROCEEDINGS AGAINST MAGNIS ALLEGING IT FAILED TO DISCLOSE MATERIAL INFORMATION ABOUT ITS LI-ION BATTERY MANUFACTURING FACILITY</p><p>   * SEEKING DECLARATIONS AND PECUNIARY PENALTIES AGAINST BOTH MAGNIS AND EXECUTIVE CHAIRMAN</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Australia's ASIC Says Sued Magnis Energy Technologies, Executive Chair Over Disclosure Failures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Australia's ASIC Says Sued Magnis Energy Technologies, Executive Chair Over Disclosure Failures\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 09:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>April 30 (Reuters) - Australian Securities & Investments Commission:   * SUES MAGNIS ENERGY TECHNOLOGIES AND ITS EXECUTIVE CHAIRMAN FRANK POULLAS OVER DISCLOSURE FAILURES   * LAUNCHED CIVIL PENALTY ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2431042518","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431042518","pubTimestamp":1714440780,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"April 30  - Australian Securities & Investments Commission:   * SUES MAGNIS ENERGY TECHNOLOGIES AND ITS EXECUTIVE CHAIRMAN FRANK POULLAS OVER DISCLOSURE FAILURES   * LAUNCHED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST MAGNIS ENERGY TECHNOLOGIES   * ALLEGES MAGNIS BECAME AWARE THAT CLAIMS IT HAD MADE ABOUT IM3NY BATTERY PLANT’S FUNDING, AMONG OTHERS WERE INCORRECT   * CIVIL PENALTY PROCEEDINGS AGAINST MAGNIS ALLEGING IT FAILED TO DISCLOSE MATERIAL INFORMATION ABOUT ITS LI-ION BATTERY MANUFACTURING FACILITY   * SEEKING DECLARATIONS AND PECUNIARY PENALTIES AGAINST BOTH MAGNIS AND EXECUTIVE CHAIRMANFurther company coverage:    ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数","BK7507":"资源股","BK7095":"多种金属与采矿","MNS.AU":"MAGNIS ENERGY TECHNOLOGIES L","XJO.AU":"标普/澳交所 200指数"},"translate_title":"澳大利亚ASIC称起诉Magnis能源技术公司执行主席披露失败","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":1,"XJO.AU":1,"XKO.AU":1,"MNS.AU":0.9},"content_text":"April 30 (Reuters) - Australian Securities & Investments Commission:   * SUES MAGNIS ENERGY TECHNOLOGIES AND ITS EXECUTIVE CHAIRMAN FRANK POULLAS OVER DISCLOSURE FAILURES   * LAUNCHED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST MAGNIS ENERGY TECHNOLOGIES   * ALLEGES MAGNIS BECAME AWARE THAT CLAIMS IT HAD MADE ABOUT IM3NY BATTERY PLANT’S FUNDING, AMONG OTHERS WERE INCORRECT   * CIVIL PENALTY PROCEEDINGS AGAINST MAGNIS ALLEGING IT FAILED TO DISCLOSE MATERIAL INFORMATION ABOUT ITS LI-ION BATTERY MANUFACTURING FACILITY   * SEEKING DECLARATIONS AND PECUNIARY PENALTIES AGAINST BOTH MAGNIS AND EXECUTIVE CHAIRMANFurther company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431042518"}