Fletcher Building Limited has requested a trading halt on its securities due to an upcoming presentation by BGC (Australia) Pty Ltd regarding plumbing failures related to the Iplex Australia Pro-fit.
Fletcher Building wants to prevent the market from trading based on false or misleading information and will respond to BGC's briefing before trading resumes.
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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%.
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