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Site Group International Limited ( (AU:SIT) ) has shared an update.
Site Group International Limited announced that it failed to reach an agreement with the Australian Competition and Consumer Commission (ACCC) regarding potential penalties, which could significantly impact its financial performance. The company’s inability to finalize its half-year accounts due to this uncertainty may result in a suspension of trading on the ASX, as they continue to evaluate the situation.
More about Site Group International Limited
Site Group International Ltd (ASX: SIT) provides training services for the oil and gas, construction, mining, hospitality, and industrial sectors. The company has extensive experience in developing and upskilling international workforces, serving global clients like ExxonMobil, GE, Shell, and OceanaGold. Site is currently focused on growth opportunities, particularly in Saudi Arabia in partnership with Saudi Aramco under the Kingdom’s Vision 2030. Additionally, the company has a significant investment in commercial land in Clark, the Philippines, which presents a development-for-sale opportunity.
Current Market Cap: A$4.89M
Find detailed analytics on SIT stock on TipRanks’ Stock Analysis page.