Fletcher Building Limited (FRCEF) has released an update.
Fletcher Building Limited (FBU) has requested an immediate trading halt pending an announcement related to ongoing issues with its Iplex Australia Pro-fit pipe product, which has seen complaints about leaks in homes built in Western Australia. The company awaits an important announcement from the Government of Western Australia, expected to clarify the government’s stance on a joint industry response to the product issues. The trading halt will remain in effect until FBU releases its response to the government’s announcement, which is anticipated to occur by the end of trading on August 30, 2024.
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