SYDNEY, AUSTRALIA: The Board of Living Cell Technologies Limited has appointed Chair Professor Bernie Tuch as Interim CEO on terms to be finalized, a news release said. He will assume the additional role following the retirement of Dr Ken Taylor on Friday 16 July 2021. Dr Taylor’s retirement means he will also retire from the…
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).
Cannasouth Limited announces $6 million shares sale to retail investors
AUCKLAND, NEW ZEALAND: Cannasouth Limited is today opening a non-underwritten $6 million offer to retail investors in New Zealand with right reserved to accept oversubscriptions up to $2 million. The offer comprises: a priority offer, which is only available to clients of CM Partners Limited – the Lead Manager of the Offer; an offer to…
Auckland Airport passenger traffic increases 747.1pc in May 2021
AUCKLAND, NEW ZEALAND: Auckland Airport passenger volumes increased by 747.1% in May 2021 versus last year. International passengers (excl. transits) were up 778.0%, transit passengers were down 73.3% and domestic passengers were up by 755.7%. Key Points: • International arrivals in May last year (2020) were significantly impacted by the closure of the New Zealand…
DGL Group acquires a multi-purpose chemical facility for $2.45 million
AUCKLAND, NEW ZEALAND: DGL Group Limited has acquired a multi-purpose chemical facility in Townsville, Queensland, for $2.45 million, a news release said. The facility, which DGL previously leased as a storage hub, will be turned into a chemicals formulation and storage facility, ensuring DGL can produce agriculture, mining and waste and water treatment chemicals at…
EROAD Limited to acquire Coretex Limited in a NZ$188.3 million deal
AUCKLAND, NEW ZEALAND: EROAD Limited has entered into a conditional agreement to acquire 100% of Coretex Limited in a NZ$188.3 million deal, a news release said. Under the agreement, EROAD pays NZ$157.7m in upfront consideration and NZ$30.6m consideration contingent on certain performance milestones. The acquisition will be partly funded by a NZ$64.4m fully underwritten conditional…
Swoop to acquire Beam Internet for $6.7 million
SYDNEY, AUSTRALIA: Swoop Holdings Limited has agreed to acquire Beam Internet, the largest privately owned fixed wireless network in regional South Australia, for a total enterprise value of $7.2 million, a news release said. Beam Internet offers fast and affordable high speed Wireless Broadband on its own network of over 60 towers and masts and…
Wesfarmers proposes to acquire Australian Pharmaceutical Industries for $687 million
SYDNEY, AUSTRALIA: Wesfarmers Ltd has submitted a non-binding, indicative offer to acquire 100 percent of the shares outstanding in Australian Pharmaceutical Industries (API) for $1.38 per share by way of a scheme of arrangement, a news release said. The proposal price corresponds to a total equity value for Australian Pharmaceutical Industries (API) of approximately $687…
Titomic USA acquires Silicon Valley-based Tri-D Dynamics Inc
SYDNEY, AUSTRALIA: Titomic Limited ‘s wholly owned subsidiary Titomic USA Inc has completed the acquisition of the business of Tri-D Dynamics Inc. The Tri-D acquisition is another milestone in the Titomic strategy to be a global solutions leader in additive manufacturing. Tri-D is a Silicon Valley-based design and manufacturing company developing smart pipe infrastructure for…
Matthew Squire appointed CEO of 1414 Degrees
SYDNEY, AUSTRALIA: The board of 1414 Degrees Ltd has appointed oil and gas executive Matthew Squire as its Chief Executive Officer. Matthew Squire has extensive experience in the oil and gas, power generation and broader energy sector working for Australian and international publicly-listed companies including Beach Energy, QGC, BG Group, Santos and Origin Energy. Most…
Seeka Limited announces an equity investment in Fruitometry
AUCKLAND, NEW ZEALAND: Seeka Limited announced an equity investment in Fruitometry an innovative horticultural agritech. In its first year Fruitometry successfully delivering a new commercial Digital Crop Estimation (DCE) service to kiwifruit growers, managers and packhouses in the North Island. Fruitometry’s exclusive technology enables the $3 billion kiwifruit industry by growers being able to measure…
Veris Limited signs agreement to acquire 49% stake in Wumara Group
SYDNEY, AUSTRALIA: Veris Limited (VRS: ASX) has entered into a share sale and purchase agreement with shareholders of 100% indigenous owned EMFOX Pty Ltd trading as Wumara Group, a land and construction surveying company, to acquire a 49% stake. As consideration for the acquisition Veris will pay $180,000 in cash and issue $20,000 in shares…
AMP Limited sells AMP Capital GEFI business to Macquarie for A$185 million
AUCKLAND, NEW ZEALAND: AMP Limited has entered into a binding agreement with Macquarie Asset Management to sell AMP Capital’s Global Equities and Fixed Income (GEFI) business for a consideration of up to A$185 million. The sale delivers on AMP Capital’s strategy to focus on high-growth opportunities in private markets across real estate, infrastructure and associated…