Why didn’t FHL make a market announcement on no cement?

FHL is still on its dangerous trail of non-compliance as a publicly listed company.
Their board and management have breached just about every rule governing Fiji’s stock exchange – the questionable stock exchange whose board has FHL listed as one of its public trading companies.
One of the basic fundamental rules of publicly listed companies is the requirement that they must always be truthful and transparent in all their dealings.
Public companies like FHL are required by law to always make a market announcement via the stock exchange on important matters happening in their business .
It is a basic necessity to keep the public informed about what is going on and the performance of their share investment in the public companies.
But FHL have been hopelessly secretive on some major developments in their growth strategy plans and the way they’re conducting their business.
The truth about their failed BP Oil acquisition was never transparently communicated to the public by FHL.
Those disclosures were taken to the public domain by bloggers and not FHL as required of them.
The same thing happened when FHL’s top three were suspended.
The bloggers broke the news first forcing FHL to release an announcement to the Stock Exchange which is what they should have done in the first place.
Now, the no cement reality.
Again, that piece of news was dissiminated by bloggers, now picked up by the mainstream media who have been unsuccessful in getting a response from FHL.
Meanwhile, no public announcement has been forthcoming from FHL via the stock exchange which again raises the question as to why such a dishonest team like FHL board and management are still allowed to run a public company by CMDA and SPSE.
We say – be warned people! Refrain from buying any public company shares in Fiji until the watchdog CMDA and SPSE get their act right.
Your share investment has been looted right infront of your eyes by dishonest incompetent boards like FHL.
And guess what, the useless CMDA and SPSE are toothless tigers who don’t know how to protect your investment.