Linc Energy enters trading halt

Linc Energy (LNC) has been placed in trading halt, pending the release of an announcement about an acquisition of Queensland coal mining assets.

In a statement to the Australian Securities Exchange, the group requested the halt until the start of trade on October 4 or the announcement's release. 

It said its wholly-owned subsidiary is set to acquire the assets. 

This morning the group said it would seek to delist from the Australian Securities Exchange and request to list on the Singapore Exchange, saying the move would help broaden its shareholder base and improve access to international investors.