Corporate Travel Management Ltd (ASX: CTD) shares and Rural Funds Group (ASX: RFF) shares are in trading halts today.
Corporate Travel Management
Corporate Travel Management is a leading provider of business travel solutions to the corporate market.
The company requested a trading halt because it is going to announce a capital raising to fund an acquisition. The trading halt will be lifted by 13 July 2018 unless the announcement is made before then.
Corporate Travel Management has utilised an acquisition strategy to grow its share price by 530% over the past five years. The acquisitions have provided a boost to profit.
Rural Funds Group
Rural Funds Group is a real estate investment trust that owns farmland and leases it to agricultural tenants.
The farm landlord has acquired a number of farms over the past few years, particularly cattle farms. To fund these acquisitions Rural Funds usually taps the share market for additional capital and this is why Rural Funds is currently in a trading halt – it’s going to undertake a capital raising.
The management of Rural Funds expects to come out of a trading halt by 13 July 2018.
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