The ASX queried engin on 11 September on a sudden spike in its share price noting that this had risen from 22.5 cents on 4 September to 34 cents on 11 September. The company responded saying it "has been and is currently in discussions with a number of parties in relation to various transactions including possible capital raising opportunities with various investors, including institutional, strategic and sophisticated investors." It added that no agreements on any particular transaction had been reached.
Announcing the trading halt, the ASX said it would remain in place until commencement of trading on 15 September, or until the announcement was made.
Engin calls trading halt as funding search spikes share price
VoIP provider, engin (ASX: ENG) , has called a trading halt pending an announcement, just two days after responded to an ASX query saying it had nothing to announce.
RECRUITMENT & RETENTION REPORT 2013
HIRE OR FIRE? BUY OR BUILD2013 is well underway and Australian companies need to know whether they should invest in IT skills training or pay a premium for the people they need.
If you want to know which choices are being made in your sector, what skills are hard to find, which sectors intend to hire or fire and where the IT spend is going, this free report is must have.
Stuart Corner
Tracking the telecoms industry since 1989, Stuart has been awarded Journalist Of The Year by the Australian Telecommunications Users Group (twice) and by the Service Providers Action Network. In 2010 he received the 'Kester' lifetime achievement award in the Consensus IT Writers Awards and was made a Lifetime Member of the Telecommunications Society of Australia. He was born in the UK, came to Australia in 1980 and has been here ever since.
