Yellow Brick Road in trading halt, signals deal with major insto
Yellow Brick Road (YBR) has entered a trading halt and signalled it will soon announce a distribution deal with a major Australian financial institution, reported to be Macquarie.
In its announcement to the Australian Securities Exchange, YBR said it was aware of media speculation concerning a potential distribution deal with a major institution, adding the company expected to make an announcement before Friday.
"In the meantime the company requests a trading halt effective immediately under listing rule 17.1," YBR said.
The Australian reported earlier today that Macquarie was the bank in question, but this has not officially been confirmed by either company.
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