Today is a bittersweet day as EOH, the legal entity, got fined for material misstatements in its accounts in 2017 and 2018.
On one hand it is exactly right, as the legal entity did transgress the JSE listing rules — the new management pointed that out to the JSE in 2019. On the other hand it feels like someone is bayoneting the wounded after the battle is finished, as the new management and new board are easy targets to fine as they took the tough decisions on restating the accounts and creating the transparency...
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