Fletcher shares in trading halt in lead up to problem pipes announcement

An announcement is imminent regarding Fletcher Building’s leaky pipes problem in Australia. (Image: Getty)

Fri, 30 Aug 2024

Fletcher Building shares have been placed in a trading halt as it awaits an announcement from the Government of Western Australia regarding leaks in homes fitted with the construction giant’s Iplex Australia pro-fit pipe product.The trading halt applied to Fletcher securities on the New Zealand and Australian stock exchanges and would be lifted at the end of trading on Friday at the latest.In a statement to the market the company said it had previously advised the market concerning complaints received in respect of its subsidiary Iplex Au...

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