MELBOURNE: Solvar Limited (ASX: SVR), a leading provider of automotive and consumer finance, has announced the strategic acquisition of a 19.9% stake in Earlypay Limited (ASX: EPY), a prominent financier for Australian small and medium enterprises (SMEs). The move aligns with Solvar’s strategy to tap into underserved commercial markets and diversify its portfolio. Earlypay specializes…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
MA Financial to acquire real estate investment firm, IP Generation in $90.4 million deal
SYDNEY: MA Financial Group announced today it will acquire IP Generation, a Melbourne-based real estate investment firm, in a deal worth 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business, increasing its assets under management (AUM) to over 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business,…
Rio Tinto CEO Jakob Stausholm to step down after succession process
SYDNEY: Rio Tinto announced Thursday that Chief Executive Jakob Stausholm will step down later this year following the conclusion of a succession process. Stausholm, who joined the global mining company in 2018 as executive director and chief financial officer, has led Rio Tinto since January 2021. During his tenure, he recalibrated the company’s strategy to align with…
First Au Limited signs deal to acquire Nimba Gold Project in Liberia
BALWYN: First Au Limited (ASX: FAU) announced Wednesday it has entered into a binding term sheet to acquire up to 100% of the Nimba Gold Project in Liberia, a high-potential exploration site in the mineral-rich West African Craton. The deal, which includes an initial 70% earn-in option, covers an 831.09-square-kilometer tenement package in northern Liberia,…
Rio Tinto, Codeleo form joint venture to develop lithium project in Chile
SANTIAGO: Rio Tinto and Chile’s state-owned Corporación Nacional Del Cobre de Chile (“Codeleo”) have signed binding agreements to develop a lithium project in the Salar de Maricunga, a high-grade lithium resource in Chile’s Atacama region. The joint venture aims to strengthen both companies’ roles as key suppliers of materials for the global energy transition. Under…
Alex Cheeseman appointed CEO of Greenvale Energy
BRISBANE: Greenvale Energy Limited (ASX: GRV) announced Monday the appointment of Alex Cheeseman as its new chief executive officer, effective immediately. Cheeseman, a seasoned resources executive with over 20 years of experience, will lead the company’s growth strategy, focusing on resource development and shareholder value. Cheeseman’s background includes leadership roles in ASX-listed mining and exploration…
IMEXHS highlights growth and new software at 2025 annual general meeting
SYDNEY: IMEXHS Limited (ASX: IME), a global provider of cloud-based medical imaging software and radiology services, outlined its strategic progress and financial outlook at its 2025 Annual General Meeting on Monday. Chairman Doug Flynn highlighted the successful launch of the company’s new AI-powered platform, Aquila+, calling it a “major step forward” for the business. The…
Nanoveu launches embedded AI evaluation to extend drone flight time
SYDNEY: Nanoveu Limited (ASX: NVU), a leader in advanced semiconductor and materials science technology, announced a two-phase evaluation program for its ultra-low-power ECS-DoT system-on-chip (SoC) aimed at enhancing drone flight endurance and enabling real-time artificial intelligence (AI) capabilities. The program, led by Nanoveu’s subsidiary EMASS, seeks to demonstrate significant improvements in energy efficiency and onboard…
Vitura Health’s joint venture acquires Heyday Medical Clinic
MELBOURNE: Vitura Health Limited (ASX: VIT), a leading digital health platform in Australia, announced Monday that its 50%-owned joint venture, Flora Holdings Pty Ltd, has acquired the assets of Heyday Medical Clinic, a prominent medicinal cannabis clinic. The acquisition aims to strengthen Flora’s national footprint in integrated holistic healthcare. Heyday Medical Clinic, established in 2020,…
Manawa Energy shareholders to vote on acquisition by Contact Energy
AUCKLAND: Manawa Energy Limited shareholders are set to decide on a proposed acquisition by Contact Energy Limited at a special meeting scheduled for June 18, 2025. The deal, structured as a Scheme of Arrangement, offers shareholders $1.12 per share in cash plus 0.5830 new Contact shares for each Manawa share held. Key Details of the…
Spark New Zealand, Nokia sign strategic network operations partnership
AUCKLAND: Spark New Zealand has entered a strategic partnership with Nokia to enhance network operations, the companies announced Monday. Under the agreement, Nokia will oversee daily monitoring and support for Spark’s network while Spark retains control over key strategic decisions, including future planning, network design engineering, and critical incident oversight. The collaboration will also focus…
Hastings Technology Metals forms joint venture with Wyloo for Yangibana rare earths project
PERTH: Hastings Technology Metals has entered a binding agreement with Wyloo Consolidated Investments Pty Ltd. to sell a 60% stake in the Yangibana Rare Earths and Niobium Project, forming a 60:40 unincorporated joint venture (UJV). The deal, announced Friday, aims to accelerate development of the Western Australia-based project while reducing financial risks for Hastings. Key…