BUZZ-Australia's Structural Monitoring slides on beginning court proceedings

Reuters

2025/10/16

BUZZ-Australia's <a href="https://laohu8.com/S/STTLF">Structural Monitoring</a> slides on beginning court proceedings

** Structural Monitoring System SMN.AX slides as much as 26.5% to A$0.305, lowest since April 22

** Electronic products manufacturer says proceedings began in court by CEO & Executive Chair and Turton House Group Pty (applicants) against co, certain units, individuals

** Proceedings include allegations that applicants subjected to adverse action in contravention of Fair Work Act 2009, victimisation under whistleblower provisions of Corporations Act 2001

** Co denies allegations; says will defend the proceedings

** About 686,452 shares traded, 6.4x the 30-day average

** SMN last down 10.8%, taking YTD losses to 22.1%

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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