The securities of AustChina (ASX:AUH) have been placed in trading halt at its request pending the release of an announcement.
Unless the ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of trading on 7 March 2024 or when the announcement is released to the market.
AustChina has a strategy to build a platform for wider exposure to developing energy markets through targeted minerals and energy focused investments.
The $6.23 million market capitalisation company’s current exposure in the resources and energy sectors include its Blackall Project, as well as investment interests in copper exploration, and a holding in Energy from Organic Waste developer Utilitas Group.
On 28 September 2018 the company acquired 5% of the issued capital of Sector Projects, a Queensland exploration company.
AustChina has invested in the Energy from Organic Waste developer Utilitas, a company specialising in the design and delivery of process plants for both solid organic wastes and wastewater in the emerging biogas industry in Australasia.
Write to Adam Orlando at Mining.com.au
Images AustChina



