Fletcher Building has requested a trading halt for its ordinary shares, as it works on finalising earnings guidance that is expected to significantly differ from current analyst forecasts.
The halt, which was placed by NZ RegCo, will remain in effect until the issuer makes an announcement or until midday on Wednesday.
No further details were provided in the announcement.
See more
The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details
