City Chic Collective Limited (ASX: $CCX) has requested a trading halt from the Australian Securities Exchange (ASX) in connection with the proposed divestment of Avenue and an equity capital raising. The halt is expected to last for two consecutive 'back to back' trading days to execute the institutional component of the Entitlement Offer, with the securities remaining in trading halt until the open of trading on Monday, 24 June 2024.
City Chic Collective Limited (ASX: $CCX) has requested a trading halt to ensure the institutional component of the Entitlement Offer is undertaken in an orderly manner. The halt is aimed at managing disclosure obligations and preventing trading in an uninformed or disorderly market. The company is expected to release an announcement regarding the completion of the institutional component of the Entitlement Offer by the open of trading on Monday, 24 June 2024.
City Chic Collective Limited (ASX: $CCX) has requested a trading halt to facilitate the proposed divestment of Avenue and an equity capital raising through an Entitlement Offer. The company aims to execute the institutional component of the offer in an orderly manner and manage its disclosure obligations. The trading halt is expected to be lifted upon the completion of the institutional component of the Entitlement Offer or at the open of trading on Monday, 24 June 2024. This move reflects City Chic's strategic steps in its corporate actions and capital raising activities.