Reef Corporate Services Limited, the entity responsible for the Reef Casino Trust (RCT) has requested an immediate halt to the trading of its securities due to ongoing speculation of a possible ownership change.
Reef Casino Trust is listed on the Australian Securities Exchange.
In its statement, RCT stated that the trading halt request was made pending an announcement regarding speculation about a potential control transaction involving the trust.
The Reef Casino Trust is the operator of the Reef Hotel Casino in Cairns, Australia. The company reported a stable performance in its 2024 financial report.
The trading halt will remain in effect until RCT either makes a formal announcement about this speculation or until trading resumes on February 27th, 2025.
‘RCT has confirmed that there are no known reasons that would prevent the Australian Securities Exchange (ASX) from granting this halt, nor is there any additional information necessary to inform the market about the request’, the company added.
