VAH in a trading halt due pending announcement.
Was the 1.4b request the announcement, or are they announcing the governments response?
It is obviously market sensitive with them seeking the cash and the answer from government.
No trade until answered I would say. It may stay halted if their finances are precarious and the parents are unable to cough up.
With so many demands for government help right now I can't see them them pitching in, particularly being a largely foreign owned entity.
Employees will be able to access the relief package announced last night if it fails, so they are looked after to a degree for 6 months.
It feels like Ansett all over again. makes That makes me feel ill.