- Manufacturing investment group Energy Technologies (EGY) has entered a trading halt ahead of an upcoming capital raise
- Currently, there are no details about how the raise will be structured and just how much the company is aiming to raise
- Company shares will be paused until Friday, December 18, or when more details about the raise are released to the market
- Energy Technologies last traded for 8 cents on December 15
Energy Technologies (EGY) has entered a trading halt as it plans for a capital raise.
So far, there is no details about the raise or where it will spend funds.
The halt means company shares will be paused until Friday, December 18, or when more details about the raise are released to the market.
Energy Technologies is a manufacturing investment group that is focused on the energy sector and in particular the electric power industry.
Unfortunately, Dacian recently lost one of its directors, Phillip Wellesley Dulhunty, who passed away peacefully on November 29. Phillip was a long-term director, and Dacian said he bought a wealth of experience and commercial background to the board.
“On behalf of the board of directors of EGY I would like to acknowledge the support and practical guidance provided by Philip during his term,” Managing Director Alfred Chown said in November.
“Philip served in the AIF during WW2 and had a remarkable life founding numerous well known Australian companies. He was a holder of the Centenary Medal for contribution to Australian Industry,” he added.
On the market, Energy Technologies last traded for 8 cents on December 15.