Rex misled market with big talk before $31.7m loss
Regional airline Rex misled the market before announcing a $31.7 million loss in February 2023, prompting legal action from ASIC. NSW Supreme Court Justice Ashley Black confirmed allegations against former executive chairman Lim Kim Hai, who admitted misconduct, while three directors were cleared. Rex faced administration in 2024, burdened by $500 million.
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Published 30 Jun 2026, 05:12 UTC · Updated 30 Jun 2026, 05:20 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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