Charter Hall enters trading halt

Trust requests halt to conduct bookbuild for institutional capital raising.

Shares in Charter Hall Retail REIT will be placed in trading halt at the trust's request, pending the release of an announcement about the outcome of a proposed capital raising.

In a statement to the Australian Securities Exchange, Charter Hall said it expects the capital raising to take the form of an institutional placement.

The trust said the halt was necessary to allow the bookbuild to be conducted.

The ASX said the shares will remain in trading halt until the start of trade on November 26 or when the announcement is released.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles