Saunders International Ltd Requests Trading Halt
Key points
- Saunders in discussions regarding a potential material acquisition
- Equity raising associated with the potential transaction
- Trading halt requested to prevent trading on misinformed basis
Full summary
Saunders International Ltd (ASX: SND) has requested a trading halt in its shares, effective immediately, pending the release of an announcement regarding a potential material acquisition and associated equity raising. The company is currently in discussions about the potential transaction and has requested the trading halt to ensure its shares are not trading on a misinformed basis. The trading halt will remain in place until the earlier of the commencement of trading on 16 July 2025 or the release of the intended announcement. Saunders has confirmed that it is not aware of any other information that should be provided to the market at this time.
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