Count Financial has gone into a trading halt, pending a potential takeover bid for the company.
"The trading halt is requested pending an announcement to the market in connection with a potential control transaction in respect of Count," the group told the Australian Securities Exchange (ASX) this morning.
"The trading halt is necessary to ensure trading in Count shares does not take place in an uninformed market."
InvestorDaily understands that Commonwealth Bank of Australia (CBA) wealth management business, Colonial First State (CFS), was potentially seeking to acquire Count Financial.
A representative of CFS declined to comment.
Count Financial will remain in its trading halt until the commencement of normal trading on Thursday, or when the announcement is released to the market.
