Advanced Holdings requests trading halt

ADVANCED Holdings has requested a trading halt before markets opened on Tuesday morning, pending an announcement.

In August, the supplier of proprietary process equipment and clean energy solutions reported a net profit of S$206,000 for the second quarter ended June 30, compared with a net loss of S$1.1 million for the corresponding quarter of the previous year.

It has proposed to acquire Agricore Global via a reverse takeover, and in its last announcement on the acquisition plans, extended the long stop date to Oct 12.

Shares of Advanced Holdings last traded on Oct 3 at S$0.22.