7. October 2009 15:14
Westpac Banking Corporation (WBC) shares were placed in trading halt ahead of an announcement related to the outcome of the court case on New Zealand Structured Finance transactions between Westpac and the New Zealand Inland Revenue Department. The company said judgement is being delivered this afternoon, but was prohibited from being published until 10am tomorrow due to it being a subject of a binding order of the New Zealand High Court.
Westpac requested the trading halt remain in effect until 11am on Thursday, unless the Australia’s largest lender makes a announcement prior to this time concerning the outcome of the court case.
Westpac shares were halted at $25.51.
wbc shares halted ahead of nz court decision
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