Former Rex chairman Lim Kim Hai fined A$800,000 and disqualified from managing companies for four years
Australia’s corporate regulator fined Lim Kim Hai, Regional Express’ former executive chairman, A$800,000 and barred him from managing companies for four years after he admitted misleading investors about Rex’s 2023 financial performance. He was also ordered to pay part of the regulator’s costs in proceedings against him and three other former directors.