Dexus (ASX:DXS) said the remaining Dexus Bloc shareholders have filed an appeal against a New South Wales Supreme Court ruling in May, which upheld the validity of a default notice related to a legal dispute with Australia Pacific Airports, according to a Thursday filing with the Australian bourse.
Rest Infrastructure Trust, one of the Dexus Bloc shareholders, filed an appeal against the court decision earlier in June.
The court in May ruled that Dexus violated certain confidentiality agreements and must dispose of its stake in Melbourne Airport.
The company's shares gained 2% in recent Thursday trade.
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.
Comments