- MACA (MLD) has entered a trading halt pending a capital raising and acquisition announcement
- The international contracting group will remain in the halt until the earlier of December 16 or when an announcement is released
- MACA has also revealed it has been awarded a five year contract for the supply of Road Maintenance Resources, Services and Minor Works for the Kimberly Region in WA
- Over the term of the contract, the company is expected to receive $74 million and employ roughly 20 people
- Shares in MACA last traded at $1.16 on December 11
MACA (MLD) has entered a trading halt pending a capital raising and acquisition announcement.
The international contracting group will remain in the halt until December 16 or when an announcement is released.
MACA is yet to disclose how much it is aiming to raise or what company it will be acquiring.
In a busy day, MACA also revealed it has been awarded a five year contract for the supply of Road Maintenance Resources, Services and Minor Works for the Kimberly Region in WA.
Over the term of the contract, MACA is expected to receive $74 million and employ roughly 20 people.
“MACA has been providing Road Maintenance Services in the Kimberly region for the last four years,” CEO Mike Sutton said.
“We are very pleased to be awarded a contract for the provision of these services for a further five years and look forward to continuing our relationship with Main Roads Western Australia in this area of business,” he added.
Shares in MACA last traded at $1.16 on December 11. The company has a $310.8 million market cap.