The announcement is explicit that the trading halt is in relation to the German tax situation.
It is not obvious to me that the company would require a trading halt if the German tax authorities had simply issued an assessment in line with the previous estimate, so I assume that MUE may have been hit with an assessment for Euro27MM.
I sincerely hope that MUE is not planning to dip into their non-recourse AUD cash to fund a legal challenge, or we may be ultimately left with nothing.
MUE Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held