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Former Rex director Lim Kim Hai disqualified for 4 years and ordered to pay $800,000 penalty for directors’ duties and continuous disclosure contraventions

26-250MR

disqualification20 Oct 2026Penalty $800K

Respondent

Lim Kim Hai

Facts

The NSW Supreme Court has disqualified former Rex chief executive officer and executive chair Lim Kim Hai from managing corporations for four years and ordered him to pay a pecuniary penalty of $800,000 for his involvement in Rex’s continuous disclosure breaches and breaching his directors’ duties.

Outcome

The NSW Supreme Court disqualified Lim Kim Hai from managing corporations for four years and ordered a pecuniary penalty of $800,000 for his involvement in Rex's continuous disclosure breaches and breaches of directors' duties.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-250mr-former-rex-director-lim-kim-hai-disqualified-for-4-years-and-ordered-to-pay-800-000-penalty-for-directors-duties-and-continuous-disclosure-contraventions

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