Wattle Health requests extension to suspension as announcement imminent

Company News

by Rachael Jones

Infant formula Wattle Health (ASX:WHA) has requested an extension of voluntary suspension on the ASX pending an announcement about the proposed acquisition of a stake in Blend and Pack.

In February the company announced it would purchase an additional 46 per cent stake of Australia’s largest independent nutritional dairy manufacturer for $46 million.

The Company requested and was granted a trading halt in the trading of the Company’s securities on 1 May 2019 and a voluntary suspension was granted on 3 May 2019.

The Company expects to make the announcement to the market before trading starts on Friday.

Shares in Wattle Health (ASX:WHA) last traded at 76 cents on 30 April.  

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.