Arvida Group Limited (Arvida) attended a short hearing in the High Court yesterday on the scheme of arrangement with Stonepeak Alps BidCo Limited (Scheme).
Arvida expects to hear from the High Court today, and will provide an update on the Scheme when available.
-ENDS-
The S&P/NZX 50 Index closed at 13,053.56 points, down 159.36 points or 1.21%.
Mexican and Chinese plants could face tariffs on exports to the US.
Company remains on track for monthly breakeven in the first half of next year.
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