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Compumedics Ltd (ASX: CMP) has announced a trading halt.

Compumedics Ltd (ASX: CMP) 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.

Compumedics Ltd has requested the trading halt as it has entered a material contract with a third party in China, in relation to its MEG business. The company requests shares be halted so it can clarify with each of the relevant parties to the sale the commercial details that can be released to ensure the market trading in shares in Compumedics can remain as fully informed as possible throughout the process.

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 January 12, 2022 or when the company announcement is made.

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