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Money3 Limited to rattle the tin

Last updated: 14:30 18 Nov 2015 AEDT, First published: 13:30 18 Nov 2015 AEDT

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Money3 Limited (ASX:MNY) recently outlined that it was exiting the company's unsecured Small Amount Credit Contract lending, including its branch network and online division, by 30 June 2016.

The company focus will now be on the secured segment of the business, and it also pointed to related growth opportunities.

Money3 is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 20th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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