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PPK Group Limited ( (AU:PPK) ) has provided an announcement.
PPK Group Limited has reached a settlement regarding costs in the legal matter of Flynn & Anor v PPK Mining Equipment Pty Ltd & Anor, agreeing to pay $747,000 in full and final settlement of all claims. The payment brings the litigation to a close, removing a source of legal uncertainty for the company and drawing a line under all matters connected to the proceedings, which may provide greater clarity for stakeholders assessing PPK’s ongoing obligations and risk profile.
The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.
More about PPK Group Limited
PPK Group Limited is an ASX-listed company historically associated with mining equipment through its subsidiary PPK Mining Equipment Pty Ltd, serving the resources and mining services sector in Australia.
Average Trading Volume: 42,487
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$34.34M
Learn more about PPK stock on TipRanks’ Stock Analysis page.