STOCKS of Qube Holdings have been placed in a trading halt at the request of QUB, pending its releasing of an announcement regarding a capital raising.
“Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 1 May 2020 or when the announcement is released to the market,” a company statement read.
Media reports with both News Corp and Nine talked of a $500m rights issue.
In early April, Qube managing director Maurice James talked of “challenging times” but the company was well-positioned to work with all its key stakeholders to address the challenging environment.
“Qube is pursuing several initiatives to further increase its liquidity including increasing its bank facilities and progressing its property partnering / monetisation process to ensure that Qube is well placed to continue to fund suitable growth opportunities in the future,” Mr James said.
