- Data centre investor Global Data Centre Group (GDC) ends week in a trading halt ahead of an upcoming capital raise
- It is currently unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Tuesday, September 14, or when more information about the raise is released to the market
- On the market, Global Data Centre last traded at $2.03 per share
Global Data Centre Group (GDC) has entered into a trading halt ahead of an upcoming capital raise.
It is unknown how much money the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, September 14, or when more information about the raise is released to the market.
The Global Data Centre has a portfolio of data centre investments. It invests directly into data centres and associated assets.
Last month, the company released its FY21 results. Over the period, the company’s total assets grew 46 per cent to $163 million and operating revenue also improved 295 per cent to $8.9 million.
Operating earnings before interest, tax, depreciation and amortisation was up 521 per cent to $2.6 million.
On the market, Global Data Centre last traded at $2.03 per share.