GO2 People Limited (ASX:GO2) is in a trading halt with an announcement pending of a business acquisition and a capital raising to fund the cash component of the acquisition.
The halt will apply until the announcement is made or until the start of trading on the ASX on Wednesday, April 10, 2019, whichever occurs earliest.
In the first half of the 2019 financial year, GO2 has increased the size of its business by 38% compared to the corresponding period in 2018.
Key activities that were completed included the purchase agreement for GO2 Skills and Training as well as further expanding the recruitment service offering with an office opening in Victoria.
GO2 managing director Abilio Ferreira said at the time that the company also continued to pursue recruitment and building tasks, delivering a 37% increase in revenues.
Gross profit for the half year ending December 31, 2018, was $2.6 million up from $2.4 million at December 31, 2017.