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GUD Holdings Ltd (ASX:GUD) has announced a trading halt.

GUD Holdings Ltd (ASX:GUD) has announced a trading halt.

There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

GUD Holdings Ltd has requested the trading halt pending an announcement by the Company in connection with an acquisition and associated equity raising to be undertaken by way of a pro rata accelerated non-renounceable entitlement offer and an institutional placement.

Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.

Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.

The trading halt will remain in place until normal trading commences on December 1, 2021 or when the company announcement is made.

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