Home builder BGC has filed legal proceedings against Fletcher Building subsidiary, Iplex Pipelines Australia, in relation to the Iplex Pro-Fit Pipes issues.
Iplex AU intends to defend the proceedings.
The company announcement did not provide any further details or comments on the matter.
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Shane Jones says there is interest in a Taranaki LNG terminal, despite local scepticism.
The S&P/NZX 50 Index closed down 0.10%.
BGH Capital’s recent acquisition attempt was rejected for undervaluation.
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