Forge Group Limited
(ASX:FGE) has requested its shares be placed in a trading halt as it prepares to update the market on its financial position.
The engineering company requested the halt remain in place until the announcement is made or the commencement of trade next Tuesday January 14.
The news comes after it was revealed Investment manager BlackRock Group had taken a stake in the mining services company after it secured more work at Gina Rinehart's Roy Hill iron ore mine in Western Australia.
In a statement, Forge said BlackRock's voting power was 5.32 per cent.
Forge shares soared over 54 per cent after it announced it had received formal notification to proceed with phase three of construction of the $1.5 billion processing facility at Roy Hill.
Forge Group reported a net profit of $62.9 million in the 2013 financial year.
