(MENAFN- ProactiveInvestors - Australia) Bluechiip (ASX: BCT) has been granted a trading halt this morning by the ASX pending a capital raising, which the company said the terms are currently being finalised.
Bluechiip's shares have been placed in pre-open.
Bluechiip has developed a wireless tracking solution for the healthcare and life science, security, defence and manufacturing industries which represents a generational change from current methods such as labels, barcodes and microelectronic integrated circuit (IC)-based Radio Frequency Identification.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 16th November.
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