Fastbrick Robotics Limited (ASX:FBR) requested for a trading halt session state on June 28, 2018. It is in the process of finalising two material and associated agreements. One of them relates to a strategic alliance and the other is related to proposed issue of securities. Till that time the Company has requested for a trading halt and will start trading once an official announcement is made. FBR is expecting that its agreements will get completed before trading commences on Monday 2 July 2018. According to the Company, it believes that there should not be any reason for not granting a trading halt.
Moreover, recently the company has renewed the contracts of CEO Mike Pivac and CTO Mark Pivac, aiming to secure their valuable leadership, vision, energy, and experience as FBR enters the most critical stage of the Company’s history. Further, it is continuously working on its branding which is aligned with the Company’s emerging structure and Company strategy. The company outlined that the assembly of the Hadrian X was completed and is now ready for extensive testing of its DST and Factory Acceptance Testing over the upcoming period. The Company expects that these developments will support the growth of the business in next phase. It closed at $0.18 on the previous day that is on 27 June 2018 before settling in for the trading halt.
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