Pan Asia Corp Ltd (ASX:PZC) has been granted a trading halt by the ASX this morning.
The trading halt was granted pending the release of further information with regard to ASX listing rule 11.
Chapter 11 of the ASX Listing Rules covers significant transactions.
The trading halt will remain in place until the earlier of the release of such information to the market, or, the commencement of trading on Tuesday, 13 February 2018.
Pan Asia is a diversified resources company that explores for and develops coal projects in Indonesia.
The company is currently in a sale process for its production operation mining business in Indonesia known as the TCM Project.
Completion of the sale would result in Pan Asia receiving US$9.25 million less any costs/debts.