- Dairy and health products manufacture and exporter Halo Food Co (HLF) enters a trading halt as it plans an upcoming capital raise
- So far it is not known how much the company is aiming to raise where the funds will be spent, however, it did mention an upcoming acquisition
- Company shares will be paused until Wednesday, February 16, or when further details about the raise is released to the market, whichever one comes first
- Last month, the company achieved its strongest quarterly results on record
- On the market, Halo last traded at 13 cents per share
Halo Food Group (HLF) has entered into a trading halt as it plans an upcoming capital raise.
There are no details on how much the company is aiming to raise or where the funds will be spent, however, it did mention an upcoming acquisition.
Under the halt, company shares will be paused until Wednesday, February 16, or when further details about the raise are released to the market, whichever one comes first.
Halo Food, formerly Keytone Dairy Corporation, is an Australia-based company that owns, manufactures and exports formulated dairy, non-dairy nutritional products, and health and wellness brands.
Last month, the company achieved its strongest quarterly results on record.
For the quarter ended in December, the company saw a 17 per cent increase in sales to $17.5 million, a record for Halo.
Over the month of November, sales reached $8 million, which included more than $3.9 million in sales from New Zealand Dairy division.
On the market, Halo last traded at 13 cents per share.