NZ's Skycity hits 2-week high after favourable verdict on Auckland deal

Skycity Entertainment

29/11/2023 23:17

** Shares of New Zealand's Skycity Entertainment  SKC.NZ 
rise as much as 2.8% to NZ$1.850, their highest since Nov. 15
    ** The tourism and entertainment firm says high court ruled
in favour of co against MPF Parking NZ relating to Auckland car
park concession agreement between the parties 
    ** SkyCity had filed proceedings in the High Court of New
Zealand in April seeking relief from payment obligation after
termination of concession agreement  
    ** As of the previous close, the stock had fallen 24.05% so
far this year
    
    


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))