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InFocus Group Addresses ASX Query on Securities Trading Compliance

Story Highlights
  • InFocus Group confirmed no changes to its Securities Trading Policy despite past non-compliance.
  • The company plans a governance review and clarified its relationship with GBO Assets Ltd.
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InFocus Group Addresses ASX Query on Securities Trading Compliance

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The latest announcement is out from Frugl Group Limited ( (AU:IFG) ).

InFocus Group Holdings Limited (ASX: IFG) addressed a query from the ASX regarding non-compliance issues related to securities trading by a former managing director, Mr. Kenny Woo. The company confirmed that while no changes were made to its Securities Trading Policy, it has taken steps to ensure directors are aware of their obligations. Mr. Woo resigned following the corrective disclosure process, and the company plans a governance review to prevent future issues. Additionally, IFG clarified its relationship with GBO Assets Ltd, a digital gaming industry entity based in Seychelles, emphasizing the commonality of low-profile operations in this sector.

More about Frugl Group Limited

Average Trading Volume: 2,689,943

Technical Sentiment Signal: Sell

Current Market Cap: A$4.38M

Find detailed analytics on IFG stock on TipRanks’ Stock Analysis page.

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