HMC Capital requests trading halt

HMC Capital (ASX:HMC) has requested a trading halt from the Australian Securities Exchange. The halt is pending an announcement regarding a proposed acquisition and an equity raising through an institutional placement. It will last until the announcement is made or the start of trading on 28 October 2024.

HMC Capital trading halt overview

HMC Capital has requested a trading halt on its securities pending a significant announcement related to a proposed acquisition and an equity raising. The halt, requested under ASX Listing Rule 17.1, signifies HMC's strategic approach to manage the dissemination of sensitive information. The trading halt will persist until the earlier of the announcement or the start of trading on 28 October 2024. HMC aims to expand and enhance its capital base, reflecting its growth ambitions. The company assures regulatory compliance and transparency, with no undisclosed information affecting the halt request.

Executive insights on trading halt

HMC Capital Limited confirms there are no reasons that the trading halt should not be granted and no additional information necessary to inform the market has been identified.