LONDON: Deliveroo has decided to exit its Hong Kong operations through a sale of certain assets to foodpanda and the closure of other assets. Deliveroo Hong Kong has nominated liquidators to manage closure of the Hong Kong business and the remainder of its assets in the most efficient way possible. There are several dynamics specific…
New Frontier Minerals sells Broken Hill East project to Impact Minerals
SYDNY: New Frontier Minerals (ASX: NFM) has agreed to sell its wholly owned subsidiary, BHA No. 1 Pty Ltd, which holds the Broken Hill East Project, to Impact Minerals Limited (ASX: IPT). The deal, valued at $275,000, will see NFM receive IPT shares based on a 14-day VWAP of $0.0073 per share as of 7…
Bally’s Corporation proposes $250 million capital injection for The Star Entertainment Group
SYDNEY: The Star Entertainment Group (ASX: SGR) confirmed on Monday that it has received an unsolicited, non-binding funding proposal from Bally’s Corporation. The proposal outlines a potential capital raise of at least A$250 million (approximately $165 million USD) to support The Star’s financial needs. Under the terms of the proposal, The Star would issue convertible…
Bitcoin drops over 5% amid market volatility following Trump’s bitcoin reserve plan
Cryptocurrency prices tumbled Monday as market volatility persisted in the wake of an executive order by President Donald Trump to establish a U.S. strategic bitcoin reserve. The announcement, which fell short of investor expectations, triggered a sell-off across major digital assets. Bitcoin, the world’s largest cryptocurrency, fell more than 5%, trading at $81,712 as of…
Atturra acquires U.S.-based Kitepipe
SYDNEY: Atturra Limited (ASX: ATA), a leading technology services provider, announced today that its subsidiary, Atturra North America Inc., has acquired Kitepipe, a U.S.-based Boomi Platinum Partner. The acquisition aims to enhance Atturra’s data and integration capabilities, particularly in North America. The deal, executed through a Membership Interest Purchase Agreement (MIPA), involves an upfront cash…
Zeus Resources to acquire high-quality antimony exploration project in Morocco
SYDNEY: Zeus Resources Ltd. (ASX: ZEU) announced Monday that it has entered into an agreement to acquire the Casablanca Antimony Project in central Morocco, a high-potential exploration site targeting antimony mineralization. The acquisition, subject to shareholder approval, includes six exploration licenses covering an area of 79 square kilometers. The Casablanca Antimony Project, located approximately 42…
Hunting PLC acquires Organic Oil Recovery technology for $17.5 million
LONDON: Hunting PLC (LSE: HTG), a precision engineering company, announced Friday that it has acquired the Organic Oil Recovery (OOR) technology from its founding shareholders for $17.5 million. The deal includes the entire portfolio of intellectual property—comprising over 25 patents—the distribution rights, and a California-based laboratory. The acquisition positions Hunting as the global rights holder…
Eurocell has acquired Alunet for £29 million
LONDON: Eurocell plc, a leading UK manufacturer, distributor, and recycler of innovative PVC window, door, and roofline products, announced on Friday the completion of its acquisition of Alunet for £29 million. The purchase price, free of debt and cash, includes an initial payment of £22 million and deferred consideration of approximately £7 million, payable in…
Prospera Energy acquires White Tundra Petroleum
CALGARY: Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) announced a strategic acquisition to expand its asset portfolio. The company has agreed to acquire 100% of White Tundra Petroleum (WTP), strengthening its base production with significant reactivation opportunities. In the deal, Prospera will issue 18 million common shares to WTP shareholders, contingent on WTP achieving 85…
Canyon Resources acquires 9.1% stake in Cameroon’s rail operator, Camrail
SYDNEY: Canyon Resources Limited (ASX: CAY) has announced that its wholly owned subsidiary, Camalco Cameroon SA, will acquire a 9.1% interest in Camrail SA, the operator of Cameroon’s rail network. This significant move, backed by two share sale agreements, marks a major milestone for Canyon’s flagship Minim Martap Bauxite Project. Camalco will acquire a 3.8% equity…
Insignia Financial receives revised takeover proposals from Bain Capital and CC Capital
MELBOURNE: Insignia Financial Ltd. (ASX: IFL), a leading Australian wealth manager, announced on March 7, 2025, that it has received revised non-binding takeover proposals from Bain Capital Private Equity, LP, and CC Capital Partners, LLC. Both firms have offered to acquire all shares in Insignia Financial at A$5.00 per share, representing an 8.7% increase from their…
Aghast Solutions secures $4.8 million funding for Asian expansion
Aghast Solutions, a pioneering tech startup, has successfully closed a $4.8 million funding round backed by private and institutional investors. This investment will fuel the company’s expansion into the Asian market, with new offices in Singapore, Thailand, and Hong Kong. Shifting its focus from vendor-based services, Aghast Solutions will now develop proprietary brands in the…