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Connected IO Ltd (ASX: CIO) has announced a trading halt.

Connected IO Ltd (ASX: CIO) 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.

Connected IO Ltd has requested the trading halt pending the vote on the resolution regarding the sale of the Company’s main undertaking at the AGM to be held on Thursday 6 January, 2022 at 10:00am.

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 10, 2022 or when the company announcement is made.

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