Skywards Limited (ASX:SKY) has been granted a trading halt by the ASX, with its shares placed in preopen.
Skywards requested the halt ding re-compliance with Chapters 1 and 2 of the ASX Listing Rules (in the event that all Resolutions at the General Meeting to be held today at 9am (WST) are passed).
The company has entered into a binding agreement to acquire 100% of the issued capital in AussieSim Pty Ltd.
Skywards Limited will be renamed Ziptel Limited.
The halt will remain in place until the opening of trade on Tuesday 27th May 2014, or earlier if an announcement is made to the market.
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