National Australia Bank seeks trading halt before capital raise
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] National Australia Bank on Monday requested a trading halt of its shares pending an announcement by the lender on a proposed equity capital raising, consisting of an institutional placement and share purchase plan.
Australia's third-biggest lender requested the trading halt remain in place until the open of trading on Wednesday or an announcement on completion of the placement.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result