Site Group International Limited (AU:SIT) has released an update.
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Site Group International Limited has announced that the High Court of Australia has dismissed its appeal in a legal case involving subsidiary Productivity Partners Pty Limited, which breached Australian Consumer Law. The case will now move to a penalty hearing set for 2025, with potential material negative impacts on Site’s financial position. Despite this setback, the company is focusing on growing its training business and leveraging its investment in Clark land.
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