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The market traded in the positive territory. The benchmark index ASX 200 added 26.50 points by noon and traded at 7,090, up by 0.38% on Friday's closure. 8 of 11 sectors traded higher today with Utilities being the top-performer followed by Materials and others. Energy was the worst-performing sector by lunchtime.
Shares that are on trading halt today
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AssetOwl Limited (ASX:AO1) and Impact Minerals Limited (ASX:IPT) are on trading halts pending announcements related to capital raising. Emyria Limited (ASX:EMD) is on a trading halt pending an announcement related to a proposed placement of securities.
Greenland Minerals Limited (ASX:GGG) is on a trading halt pending an announcement related to media reports on forming the coalition government in Greenland. Elixir Energy Limited (ASX: EXR) is on a trading halt pending an announcement related to fundraising.
ASX 200 movers on Monday
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Centuria Capital Group (ASX:CNI), the listed investment platform is all set to merge with Perth-based Primewest in a stock and cash deal. Primewest shareholders will receive AUD 1.51 per share, a 3.1% premium to last closing price.
The Primewest board has confirmed its intention to accept the contract. Primewest's directors represent 53% of shares. The Australian investment manager Centuria Capital said the agreement would merge together two complementary real estate platforms. The formed entity is anticipated to have assets under management of more than AUD 15 billion with a market cap of AUD 2.2 billion.
Centuria already entered the bid implementation deed with Primewest in an off-market acquisition offer. Shares gained by 4.693%.
Worley Limited (ASX:WOR) secured a significant engineering and procurement services deal from Chevron U.S.A. Inc. The company is roped in for brownfield modification services to one of Chevron's deepwater production plants, which is located in the Gulf of Mexico.
As per the agreement, Worley will provide its design and engineering services for the integration and subsea tieback of the Ballymore oil and gas field. The company will also provide procurement services for topsides, and it is supporting both topsides designs and the subsea.
Worley's US Gulf Coast team would execute the topsides services and project management. Intecsea, which is part of Worley's Advisian consulting business, will execute the subsea portion of the project. Shares declined by 0.093%.
Crown Resorts Limited (ASX:CWN) announced receiving a proposal from Oaktree Capital Management for a funding commitment of up to nearly AUD 3.0 billion. The proposal is a preliminary, unsolicited, indicative and non-binding one. The proceeds would be used to buy back some of Crown shares from Consolidated Press Holdings Pty Limited, which is currently holding nearly 37% shares in Crown.
The Crown Board will first evaluate the proposal, and it also confirmed that the company is yet to form any view on the merits of the proposal. CWN shares were slightly up by 0.671%.