Menu
Menu
E-Com Multi, entellect enter trading halts

E-Com Multi, entellect enter trading halts

IT companies E-Com Multi (ASX:ECE) and entellect solutions (ASX:ESN) have both called for trading halts while they prepare to announce separate major share placements.

IT, telecom and e-commerce company E-Com Multi said it is close to executing an MOU with a group that will involve the issue of a significant number of securities.

The transaction will require shareholder approval, and will likely be announced tomorrow, E-Com said.

Educational software developer Entellect meanwhile said it was close to announcing significant progress on its proposal to raise up to $26.5 million through the placement of 15.41 billion new shares to institutional investors.

ESN shares have been frozen at $0.002, while ECE stands at $0.010.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Entellecttrading haltShare placementE-com Multi

Show Comments
Computerworld
ARN
Techworld
CMO