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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.