trading halt, page-3

@mervh2k: The announcement of the trading halt was a pro-forma announcement by the ASX. These announcements are invariably followed by a copy of the letter that requested the trading halt, which almost always has the reason why the trading halt is being requested.

To imply that the first announcement was by PEK rather than a generic announcement made by the ASX is inaccurate, as can be seen from the announcement that followed 15 minutes later (and from the content of the first announcement, which made it clear it was an ASX release, not a PEK release.)

There's also the point that waiting a little while for the formal announcement causes no harm, as there will always be a period of time - at least half an hour, and more commonly the overnight non-trading period - for the market to read and digest the implications of the announcement. When trading resumes, it will be on a level playing field (or at least, as level as the sharemarket ever is.)