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Pacific Star Network proposes merger after falling revenues

The halt will remain in place until Friday 5th January 2018.
Pacific Star Network proposes merger after falling revenues
The company's shares are in pre-open

Pacific Star Network Ltd's (ASX:PNW) shares are in pre-open in afternoon trade, following the ASX granting the company a trading halt.

Pacific Star is preparing to reveal details of a proposed merger transaction and placement.

During financial year 2017, group revenue fell 8% to $22.1 million.

The biggest impact on this number was publishing revenue which slumped 29% to $6.6 million.

The halt will remain in place until the opening of trade on Friday 5th January 2018, or earlier if an announcement is made to the market.

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Pacific Star Network Ltd Timeline

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