Shares in trading halt following release of a supplementary report by hedge fund VGI.
Corporate Travel Management has just placed its shares into another trading halt, after becoming aware of another 52-page report prepared by VGI Partners last night.
The company said it believes the further report “raises no substantive new issues,” but has requested the trading halt so it can review the document.
‘It is not possible for CTD to fully review the further report or comprehensively respond by the time the market opens today…CTD is therefore requesting a trading halt so that the company is able to prepare an appropriate response and ensure the market is kept fully informed,” according to an ASX update just issued.
The trading halt will remain in place until the market opens on 08 November 2018, or when an announcement in relation to the new report is made.
More information in Travel Daily as it comes to hand.