Chapman fields calls for in-play Queensland electricity provider LPE

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The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.

The Sunshine Coast-based businessjust one day after it ousted chief executive, Damien Glanville, for selling shares to the suitor without the board’s permission.

Sunshine Coast-headuqartered LPE provides electricity services to strata-title residences, including installing and maintaining solar systems.LPE provides electricity metering, hot water, solar, batteries and EV charging networks to strata-title residences with 32,000 customers on its books. Its stock is in the doldrums, the result of a failed attempt to diversify into electricity retailing/trading and cryptocurrency mining.

Source: News Formal (newsformal.com)

 

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