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White Energy Company Ltd (ASX: WEC) has announced a trading halt

White Energy Company Ltd (ASX: WEC) 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.

White Energy Company Ltd has requested the trading halt pending an announcement by the Company to the market regarding the legal proceedings in the Singapore International Commercial Court (SICC) initiated by subsidiaries of White Energy, BCBC Singapore Pte Ltd and Binderless Coal Briquetting Company Pty Ltd, against PT Bayan Resources Tbk and Bayan International Pte Ltd in connection with the KSC joint venture.

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 9, 2022 or when the company announcement is made.

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