- Australian Dairy Nutritionals Group (AHF) has ended the week in a trading halt ahead of an upcoming capital raise
- Currently, it is unknown how much the company is aiming to raise and where the funds will be spent
- Company shares will be paused until Tuesday, December 15, or when more details are released to the market
- In October, the company sold its Drumborg farm in Victoria for $6 million
- AHF last traded at 8.8 cents per share on December 11
Australian Dairy Nutritionals Group (AHF) has ended the week in a trading halt ahead of an upcoming capital raise.
So far, it is unknown how much the company is aiming to raise and where the money will be spent.
Under the trading halt, company shares will be paused until Tuesday, December 15, or when more information about the raise is released to the market.
AHF produces organic and conventional milk products, including a special organic cream, butters, a range of specialist yoghurts, kefir and bottled milk.
In October, the company sold its Drumborg farm in Victoria for $6 million. The sale included land, livestock and associated equipment, except the A2 cows, which will be relocated to AHF’s existing farms.
The board decided to sell the farm as the milk produced there is surplus to the group’s production requirements and is located two hours away from its manufacturing operations in Camperdown.
On the market, AHF last traded at 8.8 cents per share on December 11.