ASX halts API share trading

Trading of API shares has been temporarily suspended after the pharmacy wholesaler lodged an official request to halt trading yesterday.

In a letter sent to the ASX, the company called for “a trading halt of its securities” until 16 April, when it expects to make an announcement concerning the carrying value of its assets.

The letter said “The trading halt is necessary as API expects to make an announcement to the market in relation to the carrying value of its assets as part of the process of finalising its half year results now scheduled to be released

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