Toy and related products company Funtastic Limited (ASX: FUN) is in pre-open this morning following the ASX granting the company a trading halt, pending capital raising details.
Funtastic is a distributor of toys, sporting and confectionery products, with the company home to some of the world's leading brands - Ben 10, LeapFrog, Razor, Squinkies, Tech Deck, Cabbage Patch Kids, Air Hogs, Power Rangers, Disney Fairies and Pillow Pets.
Outlined in a presentation in March, the company's 2013 EBITDA guidance was $23-$25 million.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 24th July 2013.
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