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Site Group International Limited ( (AU:SIT) ) just unveiled an update.
Site Group International Limited has requested a voluntary suspension of its shares from trading on the ASX due to ongoing court-appointed mediation concerning its subsidiary’s breach of Australian Consumer Law. The outcome of this mediation, particularly the penalties proposed by the ACCC, could significantly impact the company’s financial performance and position, with potential penalties being materially higher than previously expected.
More about Site Group International Limited
Site Group International Limited operates in the education and training industry, focusing on providing vocational education and training services. The company is involved in delivering skills training and workforce development solutions, primarily targeting sectors such as resources, construction, and industrial training.
Current Market Cap: A$4.89M
For an in-depth examination of SIT stock, go to TipRanks’ Stock Analysis page.