ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Devine Enters Trading Halt

devine-home-e1432699320995

Poorly performing Brisbane-based property development company Devine has entered a trading halt ahead of a possible change to profit guidance.

"The trading halt is requested pending a possible change to guidance following a recent review of financial data," the company said in a statement to the ASX.

The company is currently subject to a takeover bid from its largest shareholder CIMIC, formerly Leighton Holdings.

It announced two profit downgrades last year before its chief executive David Keir resigned.

In its ASX statement it said the trading halt would remain in place until it makes an announcement, or the commencement of trading on February 15.

 

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://https://theurbandeveloper.com/articles/devine-asx-trading-halt