HONG KONG: RAS Technology Holdings Limited (ASX: RTH) has announced the establishment of a wholly owned subsidiary, Racing and Sports Asia (RASA), in Hong Kong, marking a significant step in its expansion across the Asian region. RASA has agreed to acquire six established racing publications and a data service for HKD$20.0 million (approximately AUD$4.02 million).…
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Westgold Resources to divest Lakewood Milling Operation to Black Cat Syndicate
PERTH: Westgold Resources Limited (ASX: WGX) announced today that it has entered into an agreement to sell its non-core Lakewood Milling Operation to Black Cat Syndicate Limited (ASX: BC8) for a total consideration of $85 million. The transaction includes $70 million in cash and $15 million in BC8 scrip. Black Cat will also assume approximately…
Celsius Resources announces $76.4M loan for Philippine Copper-Gold Project
Sydney: Celsius Resources Limited (CLA) has revealed that its Philippine affiliate, Makilala Mining Company, Inc. (MMCI), has entered into a binding term sheet with Maharlika Investment Corporation (MIC) for a bridge loan facility of up to USD 76.4 million. This loan aims to fund MMCI’s Maalinao-Caigutan-Biyog Copper-Gold Project (MCB). The Facility will fully finance the…
Mayfield Childcare appoints Daniel Stone as new CEO
MELBOURNE: Mayfield Childcare Limited (ASX:MFD) announced Tuesday the appointment of Daniel Stone as its new Chief Executive Officer, effective April 8, 2025. Stone will succeed Ashok Naveinthiran, who is set to retire on March 10, 2025. Stone joins Mayfield from TheirCare Pty Ltd, where he served as Chief Operating Officer and Deputy CEO. During his…
Spenda executes sale agreement for Invoice Finance business
PERTH: Spenda Limited (ASX:SPX), an innovative software company providing software and electronic payment solutions, announced on February 24, 2025, that it has agreed to sell its Invoice Financing portfolio to Grapple Invoice Finance Fund Pty Ltd for $2 million, subject to portfolio performance. The sale will result in the release of $2.3 million in first-loss…
Teaminvest Private Group acquires 50% stake in Brodersen Systems Asia Pacific
SYDNEY: Teaminvest Private Group Limited (ASX:TIP) announced on February 24, 2025, that its subsidiary, Automation Group Investments Pty Ltd (AG), has acquired a 50% interest in Brodersen Systems Asia Pacific Pty Ltd (BSAP), the local importing subsidiary of Danish automation solutions provider Brodersen A/S. Founded in 1969, Brodersen is a market leader in remote telemetry…
Svava offers to buy Selfwealth for $0.28/share
SYDNEY: SelfWealth Ltd (ASX:SWF) announced Monday it has received a binding proposal from Svava Pte Ltd to acquire 100% of the shares in SelfWealth for $0.28 cash per share through a scheme of arrangement. The cash consideration under Svava’s proposal represents a 12% premium compared to the $0.25 per share offered in the proposed transaction…
RPMGlobal sells Advisory Division to SLR Consulting for A$63 million
SYDNEY: RPMGlobal Holdings Limited (ASX: RUL) has announced that it will sell its global Advisory division to SLR Consulting Australia Pty Ltd for AUD$63.0 million. The transaction, which will be paid in cash upon completion, is aimed at enabling RPM to focus solely on its Software business. The strategic decision to divest the Advisory business…
CoStar Group offers to acquire Domain Holdings Australia for $4.2/share
SYDNEY: Domain Holdings Australia Limited [ASX:DHG] has received an unsolicited, non-binding indicative proposal from CoStar Group, Inc. to acquire 100% of the issued capital of Domain. The proposed acquisition would be executed through a scheme of arrangement, offering $4.20 per Domain share. CoStar has indicated that the proposed price of $4.20 per share will be…
Motio Limited sells Spawtz software business for $1.35 million
SYDNEY: Motio Limited (ASX: MXO) announced on February 20, 2025, that it has entered into a binding agreement to sell its Spawtz software business for $1.35 million in cash. The sale allows Motio to maintain long-term, fee-free access to key media-related services while focusing on its core media business and reducing debt. The buyer is…
EBOS Group announces leadership change
AUCKLAND: EBOS Group Limited announced Wednesday that CEO John Cullity will retire on June 30, 2025. Adam Hall, currently Group Executive and President – Asia for Orica Limited, will succeed Cullity effective July 1, 2025. Hall has an extensive background in strategic growth, mergers and acquisitions, and operational excellence. At Orica, he spearheaded significant earnings…
Rio Tinto partners with Mitsui & Co. for Rhodes Ridge Joint Venture
SYDNEY: Rio Tinto has announced that Mitsui & Co. has entered into agreements to acquire a 40% interest in the Rhodes Ridge Joint Venture (RRJV) from Rio Tinto’s partners. Mitsui & Co. has agreed to acquire all of VOC Group Limited’s (VOCG) 25% interest in the joint venture. Additionally, Mitsui & Co. has entered into…