MANAGEMENT

WICET reported to be in court over unpaid dividends

JUNIOR lenders to Wiggins Island Coal Export Terminal will be taking the company to court and reportedly suing it for $40 million in upaid dividends they claim they are owed, according to <i>The Australian.</i>

 Court action has been reported over a dispute between WICET and its lenders.

Court action has been reported over a dispute between WICET and its lenders.

The move by the owners of Wiggins Island Preference Shares could scuttle attempts to refinance WICET's $4.1 billion debt before its September repayment deadline.   The dispute resolves around the WICET's...

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