Daigou-focused retailer AuMake has entered into a trading halt ahead of an announcement about the purchase of a retail store network.

AuMake’s shares last traded at 25.5 cents, and the company has requested the trading halt be lifted on May 29 or when the anticipated announcement is released to the market.

The company, which serves as a one-stop shop for daigou – so-called ‘suitcase shoppers’ who buy local products to sell to clients in China – recently opened a retail hub in Sydney’s Chinatown that lets buyers in China see demonstrations of new products via live streaming.