Australia's Lifestyle eyes worst day in over 4-years on over-charging claims

Lifestyle Communities

15/07/2024 04:43

** Shares of real estate rental firm Lifestyle Communities
Ltd  LIC.AX  fall as much as 17.3% to A$10.400, their biggest
intra-day pct loss since March 2020 
    ** Says some homeowners at one of its communities at Wollert
in northwest Melbourne have not been satisfied with co's
responses for allegations of over-charging fees, among others 
    ** Says some homeowners have made applications to the
Victorian Civil and Administrative Tribunal and co will defend
them accordingly 
    ** Shares hit their lowest level since Nov. 2020 
    ** Stock is the biggest pct loser on the benchmark S&P/ASX
200 index  .AXJO  
    ** More than 1.7 mln shares change hands as compared with
the 30-day average volume of ~249,501 shares  
    ** Stock down 30.4% this year, as of last close 

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))