Serko halts share trading to raise funds in 'targeted placement'

Thu, 17 Dec 2015

By Paul McBeth Dec. 18 (BusinessDesk) - Serko, the online travel booking company which has downgraded its earnings guidance twice this year, has halted trading in its shares to raise funds in a "target placement". Last month, the company said it was looking at raising new capital to fund its expansion into international markets and release new products. Today, it sought a trading halt in its shares "to undertake a targeted placement of new shares, as signaled at its recent FY16 interim results announcement." The halt is expected to be...

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