Property company Mirvac Group Ltd has been placed in a trading halt, ahead of a release to the market on possible initiatives and transactions it is in the process of finalising.
"Mirvac is currently reviewing possible initiatives that currently remain incomplete and confidential. Mirvac is not yet in a position to announce these initiatives and potential transactions as they, (or some of them) may or may not be finalised," the company said.
The group, in response to an ASX price query, requested the halt until the market opens on November 3 unless the company lifts it earlier.
Another disaster for shareholders coming up, no doubt.
Down 60% in October alone. What a disgrace !
MGR Price at posting:
96.0¢ Sentiment: Hold Disclosure: Held
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