- Investment company Global Value Fund (GVF) has ended the week in a trading halt amid a capital raise
- So far, there are no details about the raise and where the funds will be spent
- Company shares will be paused from trade until Tuesday, December 15, or when more information about the capital raise is released to the market
- Last month, the company announced a share purchase plan, offering shareholders the chance to purchase shares at $1.06 each
- On the market, GVF last traded at $1.09 per share on December 10
Global Value Fund (GVF) has entered a trading halt just before the weekend as it plans to raise money.
The investment company has given no details about how much they are aiming to raise and where the funds will be spent.
Company shares will be paused from trade until Tuesday, December 15, or when more information about the capital raise is released to the market.
GVF is an Australian-based investment company. It is engaged solely in investment activities, deriving revenue from dividend income, interest income and from the sale of its investments.
This would be the second raise in just one month — in November, GVF announced a share purchase plan. It offered shareholders the chance to purchase shares at $1.06 each.
Under the share purchase plan, shareholders could invest up to $30,000 without any brokerage or other charges.
Funds from the share purchase plan went to investments.
On the market, GVF last traded at $1.09 per share on December 10.