Dick Smith Holdings Limited (ASX:DSH)
has requested an immediate trading halt from the ASX.
The beleaguered retailer says it expects to make an announcement about its latest debt funding position and financing covenants.
The company issued two profit warning in the last few months and has seen its share price plunge from about to$2 to just $0.35.
It has requested the halt until the end of trade on Wednesday 6th January or when the announcement is released.
Dick Smith Holdings reported a net profit of $37.9 million in the 2015 financial year.