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Corporate Travel Management Ltd (ASX: CTD) has announced a trading halt.

Corporate Travel Management Ltd (ASX: CTD) 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.

Corporate Travel Management Ltd has requested the trading halt pending the release of an announcement in connection with a capital raising comprising an institutional placement and a share purchase plan.

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 December 17, 2021 or when the company announcement is made.

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