Proactive Investors - Run By Investors For Investors

GO2 People in trading halt with acquisition and capital raising news pending

The trading halt will remain in place until Wednesday, April 10, 2019, or when an announcement is released.
GO2 People in trading halt with acquisition and capital raising news pending
Go2 People's shares last traded at 9 cents.

GO2 People Limited (ASX:GO2) is in a trading halt with an announcement pending of a business acquisition and a capital raising to fund the cash component of the acquisition.

The halt will apply until the announcement is made or until the start of trading on the ASX on Wednesday, April 10, 2019, whichever occurs earliest.

READ: GO2 increases size of business by 38% in first half of 2019 financial year

In the first half of the 2019 financial year, GO2 has increased the size of its business by 38% compared to the corresponding period in 2018.

Key activities that were completed included the purchase agreement for GO2 Skills and Training as well as further expanding the recruitment service offering with an office opening in Victoria.

GO2 managing director Abilio Ferreira said at the time that the company also continued to pursue recruitment and building tasks, delivering a 37% increase in revenues.

Gross profit for the half year ending December 31, 2018, was $2.6 million up from $2.4 million at December 31, 2017.

View full GO2 profile View Profile

The GO2 People Ltd Timeline

Related Articles

iphone with apps
May 16 2019
The California-based telehealth company is seeking to raise $6 million to scale up its proprietary platform over the next 60 to 90 days
1535732048_universal-mcloud--wind-turbines.jpg
August 31 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China
gambling chips
March 12 2019
Bragg’s GiveMeSport has a bigger following on Facebook than ESPN and Sky Sport

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use