Pacific Environment (ASX:PEH) is preparing to release details of a material acquisition of another business.
The ASX has granted the company a trading halt to prepare, with its shares placed in pre-open.
PEH is an environmental consulting and technology solutions company which provides consulting, monitoring, automated reporting and predictive management solutions to a client base that spans Australia and extends to New Zealand, South East Asia, Africa, the Americas and Europe.
The net assets of the group were $9.5 million at the end of June 2014.
The halt will last until the opening of trade on Tuesday 23rd September 2014, or earlier if an announcement is made to the market.
News: Pacific Environment to pounce on material acquisition
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