Fletcher Building Limited (FRCEF) has released an update.
Fletcher Building Limited’s subsidiary, Winstone Wallboards, faces legal action as the Commerce Commission has found their discontinued volume rebate practices in breach of the Commerce Act. Despite the company’s disagreement, citing the rebates’ commonality in the industry and lack of impact on competition, the Commission plans to seek civil penalties. Winstone Wallboards is set to defend against the anticipated proceedings, confident in the quality and range of their offerings.
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