Beston Global Food Company placed its shares in a trading halt last week pending an announcement regarding funding and milk supply.

Late last week, the company requested an extension of its trading suspension on the ASX, stating the company is not yet in a position to make an announcement on its funding arrangements. Negotiations are underway to “refinance existing debt and to provide working capital for funding the needs of the company” according to Friday’s ASX statement.

Beston expects to provide an update to the market by 5 August 2024.