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SGI Faces $10M Penalty as Subsidiary Restructures Under DOCA

7:02pm on Friday 4th of July, 2025 AEST Corporate Services
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SGI Faces $10M Penalty as Subsidiary Restructures Under DOCA

7:02pm on Friday 4th of July, 2025 AEST
Key Points
  • Federal Court imposes $10 million penalty on SGI for unconscionable conduct
  • Site Institute Pty Ltd creditors approve Deed of Company Arrangement
  • SGI sells shares in Site Institute and Saudi-based Site Group LLC
  • SGI holds 38.49% stake in Philippine property developer under valuation review
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