South Africa’s Financial Sector Conduct Authority (FSCA) has informed Oceana Group Limited that it will be investigating whether there has been any wrongdoing in the reporting of its financial affairs.
The FSCA has let Oceana Group Limited know that it will be investigating whether any person may have published false, misleading or deceptive statements, promises and forecasts regarding the past or future performance of the Company, or its securities. This follows on previous reports of irregularities regarding its American-based fishing operations and the three delays to publishing its audited results as required by the Johannesburg Stock Exchange.
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