BWP Trust in trading halt
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Shares in BWP Trust (BWP) will be placed in trading halt at the trust's request, pending an announcement on a possible equity raising.
In a statement to the Australian Securities Exchange, the group said the request follows a media inquiry that indicates confidentiality may have been lost in relation to an incomplete proposal for a potential equity raising.
The Australian Financial Review reports that the capital raising of $150 million to $200 million to buy properties from controlling shareholder Wesfarmers Ltd was to be unveiled at the trust's full-year results tomorrow.
The halt will remain in place until the start of trade on Friday August 9 or when the announcement is released, whichever is earlier.
The listed property trust invests mainly in warehouse retailing properties.
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