"The trading halt is requested pending an announcement by Bubs in relation to a proposed acquisition and an associated proposed capital raising," Bubs said in a statement to the ASX on Friday.
It did not give further details.
Shares in Bubs have gained 75 per cent this calendar year as the company invests heavily in efforts to expand into China, announcing last month its first-half loss had more than doubled to $8.8 million.
Its shares surged in February when it entered into a long-term supply agreement with Bega Cheese subsidiary Tatura, and again this month on a marketing and distribution partnership with Chinese dairy producer Beingmate.
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Bubs shares were worth 80.5 cents when they were placed in a halt that could last until Tuesday.
