MBD Corporation (ASX: MBD) has requested a trading halt effective immediately pending release of an announcement regarding a potential capital raising and refinancing of existing bank facilities.
The trading halt will remain in place until the earlier of the MBD announcement and the commencement of trading on Friday 11 July 2014.
MBD is a strategic investor in building products suitable for the consumer and commercial markets.
The primary investment is in the brand Marbletrend which designs, develops and sources bathroom products.
The company sells products into the hardware, building and plumbing supplies sectors to all major retailers including Bunnings, Reece, Tradelink, and Mitre 10, as well as a large number of independent outlets.
MBD entered a joint venture in 2012 to establish Citywide Concrete and Building Supplies, which manufactures concrete for the commercial building industry as well as delivering bulk sand and screenings to projects.
The company is capitalised at under $2 million.
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