Could a potential takeover of womenswear chain Noni B be just days away?
Shares in the embattled fashion retailer have been placed in a trading halt.
Noni B is preparing to make an announcement over a potential material transaction, with the halt expected to remain until Wednesday at the latest.
Noni B announced a $7.8 million full year loss last week, in line with a profit warning issued earlier this year.
Sales for fiscal 2014 fell 7.7 per cent to $112.1 million, contributing to an underlying loss of $2.2 million.
In May, Noni B announced its independent directors were discussing a strategic change to the company's structure.
The discussions involved the Kindl family, which has a 40 per cent stake in the chain.
Noni B has been approached by several parties interested in taking a stake or complete control of the company.
No sale of the business or other proposal has been guaranteed to proceed to date.