Applabs Technologies (ASX: ALA) has been granted a trading halt by the ASX today, with its shares placed in pre-open.
The halt was requested pending details on the option to acquire a 25% stake in cloud-based online staff rostering company Roster Elf Pty Ltd.
Roster Elf has developed an online staff rostering system which provides commercial opportunities across a range of businesses globally.
The halt will remain in place until the opening of trade on Friday 28th February 2014, or earlier if an announcement is made to the market.
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