- China-Australia trade specialist Jatcorp (JAT) has placed its securities in a trading halt as it gears up to raise funds
- The company will remain in a halt until Friday, January 22, unless it can announce the details of the capital raise early
- More recently, Jatcorp has been focussed on opening its JAT Maternity & Infant Boutique in Shanghai
- The retail store is on track to open in late February or early March, after being delayed by COVID-19 related lockdowns in the city
- Additionally, the company recently revealed work had begun on extending its ANMA manufacturing facility in Melbourne
- Before today’s trading halt, shares in JAT were trading at 2.3 cents each
China-Australia trade specialist Jatcorp (JAT) has placed its securities in a trading halt as it gears up for a fundraise.
The company has announced its shares will remain in a halt until Friday, January 22, unless it announces the details of the capital raise early.
The fundraise comes after Jatcorp revealed earlier this month that it had been focussed on progressing its JAT Maternity & Infant Boutique in Shanghai.
The retail store is on track to open in late February or early March after being previously delayed by COVID-19 related lockdowns in the city.
Once the boutique opens, JAT anticipates it will turn over between $500,000 and $800,000 in the first year of trade.
In addition to the store opening, Jatcorp also revealed work had begun on extending its ANMA manufacturing facility in Melbourne.
Works at the facility have already commenced and the company expects the expansion to be completed by the end of next month.
Before today’s trading halt, shares in JAT were trading at 2.3 cents each on Tuesday, January 19.