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Carbonxt Group Ltd (ASX: CG1) has announced a trading halt

Carbonxt Group Ltd (ASX: CG1) has announced a trading halt.

There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement.

Carbonxt Group Ltd has requested the trading halt to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market in relation to a proposed capital raise.

Trading halts are typically enacted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch or due to regulatory concerns.

Halts may also be triggered by severe down moves, in what are called circuit breakers or curbs.

The trading halt will remain in place until normal trading commences on February 10, 2022 or when the company announcement is made.

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