Merchant House International Limited (ASX: $MHI) has requested a trading halt for its securities from 2 August 2024 to the commencement of trading on 6 August 2024. The halt is pending an announcement related to the intended closure of its subsidiary, American Merchant Inc, and the future intentions for the company.
The trading halt has been requested by Merchant House International Limited to facilitate the release of an announcement regarding the closure of its subsidiary, American Merchant Inc, and to outline the company's future plans. The company is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market.
Merchant House International Limited has requested a trading halt to announce the intended closure of its subsidiary, American Merchant Inc, and to provide insights into the company's future plans. The halt is expected to end with the announcement made by the company. This move indicates the company's strategic decision-making and its commitment to transparent communication with the market. Investors and stakeholders await the forthcoming announcement to gain clarity on the company's future direction and strategic initiatives.