Toys'R'Us ANZ (ASX: $TOY) trading halt request details

Toys'R'Us ANZ Limited (ASX: $TOY) has requested a trading halt from ASX Limited (ASX) for its fully paid ordinary shares. The halt is pending the release of an announcement related to a capital raise and is expected to be in place until the commencement of normal trading on Wednesday, 20 March 2024 or until the announcement is made.

Trading Halt Request Details

Toys'R'Us ANZ Limited (ASX: $TOY) has requested a trading halt from ASX Limited (ASX) in connection with a capital raise. The company expects to make the announcement to the market before the commencement of normal trading on Wednesday, 20 March 2024. Toys'R'Us ANZ Limited is not aware of any reason why the trading halt should not be granted and has provided no further information in relation to this request.

Outlook for Toys'R'Us ANZ Limited

Toys'R'Us ANZ Limited (ASX: $TOY) has requested a trading halt in anticipation of an announcement related to a capital raise. The company aims to provide the market with the necessary information before the commencement of normal trading on Wednesday, 20 March 2024. This move indicates the company's strategic decision to raise capital, and investors will be keen to assess the details of the announcement to understand the potential impact on the company's corporate strategy and future prospects.