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National Tyre & Wheel Ltd (ASX: NTD) has announced a trading halt.

National Tyre & Wheel Ltd (ASX: NTD) 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.

National Tyre & Wheel Ltd requested the trading halt for the purpose of considering, planning and executing a capital raise comprising an institutional placement and a share purchase plan, being conducted to partially fund a potential acquisition.

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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