Charter Hall in halt ahead of raising

Company News

Charter Hall Retail REIT (ASX:CQR) shares will be placed in a trading halt, pending the release of an announcement about the outcome of a proposed capital raising.
 
Charter Hall says it expects the capital raising to take the form of an institutional placement.
 
The trust says the halt is necessary to allow the bookbuild to be conducted.
 
The ASX says the shares will remain in trading halt until the start of trade on November 26 or when the announcement is released.
 
Charters Hall delivered a net profit of $52.6 million in fiscal 2013.

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