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The Guardian - AU
The Guardian - AU
Entertainment
Kelly Burke

Australian online seller Booktopia enters share trading halt a fortnight after major job cuts

Booktopia Australia ASX Peter George
Stack of books
Booktopia Group has asked the ASX to suspend trading in its shares ahead of an announcement on its restructure. Photograph: berkay/Getty Images/iStockphoto

Australia’s largest online bookseller has entered into a voluntary share trading suspension, just two weeks after axing 50 jobs and losing its chief executive.

Booktopia Group Ltd notified the Australian Securities Exchange (ASX) on Monday, saying its securities would be suspended from quotation immediately pending an announcement on “further outcomes” from a strategic review, “including its progress in seeking additional funding”.

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