AUCKLAND: Tait International Limited has issued a formal notice under the Takeovers Code, announcing its intention to acquire all equity securities of Vital Limited, including ordinary shares and employee-issued options. The offer price is set at $0.45 per share in cash, representing a 64% premium to the $0.275 per share price before Vital’s trading halt…
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).
Victor Group Holding acquires 15% stake in fintech firm IRich Finance
SYDNEY: Victor Group Holding (ASX: VIG) announced Thursday it has agreed to acquire a 15% stake in IRich Finance Pty Ltd., an Australian-licensed fintech provider, as part of a strategic expansion of its platform-as-a-service (PaaS) offerings. The deal, signed May 16, involves issuing 97,834,000 shares to IRich at AUD 0.06 per share, totaling AUD 5.87…
Australian Mines receives German HMS Bergbau AG interest in Sconi project offtake
BRISBANE: Australian Mines Ltd. said Tuesday it has received a formal expression of interest from German commodities trader HMS Bergbau AG regarding potential offtake arrangements for nickel, cobalt and scandium from its Sconi Project in Queensland. The non-binding proposal could pave the way for a long-term supply agreement, as the companies engage in discussions over…
Metals X moves forward with cash offer for Greentech Technology acquisition
SYDNEY: Metals X Ltd. (ASX: MLX) announced Wednesday that it has formally notified Greentech Technology International Ltd. of its intention to proceed with a pre-conditional voluntary cash partial offer to acquire up to 382.48 million shares, or 28% of the issued capital, of the Hong Kong-listed company. Metals X, which owns a 50% stake in…
Xstate Resources exits Austrian project, focuses on Diona ahead of re-listing
SYDNEY: Xstate Resources Limited (ASX: XST) announced Thursday it has agreed to dispose of its 20% working interest in the Anshof oil project in Austria, marking a strategic shift to focus on its upcoming Diona project in Australia. The assignment of the interest to Kathari Energia GmbH, a subsidiary of ADX Energy Limited (ASX: ADX),…
Antares Metals discovers new copper prospect at Surprise Project
WEST PERTH: Antares Metals Ltd. (ASX: AM5) has discovered a new copper prospect, dubbed “Marvel,” located 1.2 kilometers north of its Surprise Copper Mine in northwest Queensland. The company announced Tuesday that its second phase of reverse circulation (RC) drilling has identified multiple new mineralized targets, including an 80-meter-wide zone of disseminated sulphide and chalcopyrite…
Soul Patts, Brickworks to merge in $14 billion deal
SYDNEY: Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced a transformative merger, bringing together two of Australia’s most prominent investment and industrial groups in a deal valued at $14 billion. The boards of both companies unanimously approved the merger, which will eliminate cross-shareholding complexities and create a newly capitalized ASX-listed entity,…
Cash Converters secures £12 million funding from Lloyds Bank, acquires 10 UK franchise stores
SYDNEY: Cash Converters International Limited, a global consumer lender and second-hand goods retailer, announced Tuesday it has finalized a £12 million ($15.7 million) growth funding facility with Lloyds Bank. The company also reached an agreement to acquire 10 franchise stores in the U.K., advancing its strategy to expand its corporate-owned network. The new financing will…
Mayfield Group expands manufacturing capability with acquisition of BE Switchcraft
ADELAIDE: Mayfield Group Holdings Limited (ASX: MYG) announced Monday it has agreed to acquire BE Switchcraft Pty Ltd, a South Australian electrical switchboard manufacturer, in a deal worth $7 million. The acquisition is expected to close by Aug. 30, pending standard conditions. The transaction includes $5 million in cash and $2 million in Mayfield shares….
Tasmea Limited to acquire Vertex Group, expanding electrification services
JANDAKOT: Tasmea Limited (ASX: TEA) announced Monday it has agreed to acquire Vertex Group, a specialist in high-voltage and portable power services, in a deal worth up to A$11.75 million ($7.8 million). The acquisition aims to strengthen Tasmea’s capabilities in the electrification industry. The purchase includes Vertex Power & Process Pty Ltd and VTX Group…
Babylon to acquire Blue Hire
HIGH WYCOMBE: Babylon Pump & Power Limited (ASX: BPP) announced Monday it has entered into a binding agreement to acquire 100% of Blue Hire, a Western Australia-based specialist in pump hire and hydrotesting solutions, as part of its strategy to expand its rental and technical water services platform. The acquisition, valued at an upfront EBITDA…
Wolters Kluwer Health acquires IntelliLearn to expand nursing education solutions
ADELAIDE: Wolters Kluwer Health has announced the acquisition of IntelliLearn Pty Ltd., an Australian-based provider of online healthcare training solutions for nursing schools in Australia and the U.S. The move strengthens Wolters Kluwer’s position in nursing education, integrating IntelliLearn’s offerings into its Health, Learning, Research & Practice (HLRP) division. According to a statement, IntelliLearn, founded in 2010…