Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Southern Cross Electrical Engineering Limited’s subsidiary, Heyday, has initiated arbitration against the CPB Dragados Samsung Joint Venture due to significant additional costs incurred during the WestConnex M5 motorway tunnel project in Sydney. Heyday is seeking $22 million for delays and disruptions caused by project mismanagement. The company anticipates this dispute will be resolved within the financial year through expedited arbitration proceedings.
For further insights into AU:SXE stock, check out TipRanks’ Stock Analysis page.