AUSTRALIAN Securities Exchange (ASX) listed pharmacy software provider, Corum Group, requested a halt to trading yesterday.
The company sought approval from the ASX for the trading halt pending the release of an announcement in relation to a material capital raising, which will be delivered to the market by the commencement of trading on Fri 27 Sep.
The move follows Tue's announcement that Corum will issue 63.6 million to BAMM Administration Group (PD yesterday), after the two companies signed a deal to develop a cloud-based pharmacy head office management platform.
The share issue would see BAMM holding about 20% of Corum's total share capital.
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