Home Search Top 10 Trends Watchlist Advertise Feedback Profile



Why has Magnis Energy Technologies Ltd requested a trading halt? Magnis Energy Technologies Ltd

Why has Magnis Energy Technologies Ltd requested a trading halt?

Post image

Magnis Energy Technologies Ltd (ASX: MNS), a lithium-ion battery technology company, has made a request for an immediate trading halt for its securities. The company has provided the Australian Securities Exchange (ASX) with the following information in compliance with Listing Rule 17. 1.

What is the reason for the trading halt?

The company is requesting the trading halt to allow itself enough time to prepare a disclosure concerning iM3NY's loan facilities. This indicates that there may be important information regarding loan facilities provided by iM3NY that the company needs to disclose.

How long will the trading halt last?

Magnis Energy Technologies Ltd has requested that the trading halt on its securities continue until either the announcement regarding iM3NY's loan facilities is made or trading resumes on Wednesday, 8 November 2023.

About Magnis Energy Technologies Ltd:

Magnis Energy Technologies Ltd is a company involved in lithium-ion battery technology.

Story Continues.. after this ad because we need some dollarydoos



It is invested in and has partnerships along the electrification supply chain. The company has stakes in two battery manufacturing plants, one in the US and another in Townsville, Queensland. Additionally, Magnis Energy Technologies Ltd is a partner in a battery technology company based in the US.

Please note that no further details about the loan facilities or the reasons behind the trading halt have been provided at this time.

Promote your business on our growing investor platform: Advertise With Us
Reply ... Share

S
Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
M
Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
G
Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
S
Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
M
Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
C
Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
T
Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
📈 Top 10 Stock Lists
Join the conversation
📈 Top Daily Gainers
📈 YTD Gainers
📉 Top Daily Losers
💰 High Dividend Yields
📅 Best Performers – November
✅ Seasonal Standouts – November
🔮 Seasonal Standouts – December