Fiji Kava Limited Calls for Trading Halt
Fiji Kava Limited’s (FIJ) securities on the Australian Securities Exchange (ASX) has been granted a trade halt.
It followed a request from Fiji Kava Limited pending an announcement by the company in relation to a capital raise.
Fiji Kava Limited
Fiji Kava Limited was the first kava company to be listed on any global exchange, said its chief executive officer Zane Yoshida in 2018 when the company listed with ASX.
ASX adviser for listings compliance in PerthVanessa Nevjestic said in a signed market announcement dated February 7, 2020, the securities of Fiji Kava Limited (‘FIJ’) would be placed in trading halt at the request of FIJ, pending it releasing an announcement.
“Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on February 11, 2020 or when the announcement is released to the market.
A letter signed by Fiji Kava Limited’s company secretary Jay Stephenson said the trading halt was requested in accordance with ASX Listing Rule 17.1.
Mr Stephenson said Fiji Kava prequested that the trading halt continue until the earlier of commencing of normal trading on Tuesday 11 February 2020 and when Fiji Kava makes an announcement to the market and requests the trading halt be lifted.
Trade halt
“Fiji Kava is not aware of any reason why the trading halt should not be granted,” Mr Stephenson said. Fiji Kava debuted on the ASX late 2018 following an initial public offer, on the heels of strong support from the institutional and retail shareholders in Fiji and Australia, earlier reports said.
At the time of its listing, Fiji Kava said it was further aided by investment from Strategic Global Funds and Fijian distribution partner Jack’s of Fiji. com.fj