Alexium International Group
(ASX:AJX) has entered into a trading halt pending a request by the chemicals development company.
The trading halt is requested pending an announcement concerning the resultant company’s capital structure for expansion into new markets.
Chief Executive Officer and Executive Director Nicholas Clark said the announcement will relate to the creation of a European distribution hub, expansion of operation premises as well as increasing inventory to expedite sales into existing and expanding markets.
The trading halt will remain in place until the commencement of trade on Friday 15th April or when an announcement is released to the market.
Alexium recorded a net loss of $9.01 million at 31 December 2015.
