Jun 30, 2026 – 5.52pmRegional Express and its former largest shareholder and executive chairman Lim Kim Hai misled the market by claiming they were optimistic about making profits when the airline was actually tracking towards a loss.The Australian Securities and Investments Commission proved its case against Rex and Lim, Supreme Court judge Ashley Black ruled on Tuesday. However, the corporate regulator failed to make its case against three other non-executive directors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles