Shares in diversified mining and infrastructure contractor Decmil Group gained up to 9.2 per cent on the ASX today, following its announcement of an on market share buy-back for up to 10 per cent of the company’s shares.
Shares in Perth-based Carnarvon Petroleum have surged on news it entered into an agreement to sell its remaining 20 per cent interest in its Thailand oil production assets to the Berlanga Group for $68.5 million.
Engineering giant Monadelphous Group will enter the water market with the purchase of diversified design, build and maintenance business Water Infrastructure Group for about $6 million.
Santos shares have hit a near eight-year low as the energy company shelved a debt raising and announced plans to slash spending due to weak oil prices.
Woolworths has bought itself a foothold in China's growing wine and drinks market, acquiring one of the country's largest alcoholic drinks distributors.
Dongyi Hua-led VDM Group is looking to strengthen its balance sheet by signing a share placement agreement with a private investor to raise $3 million.
Cash Converters International says it plans to raise $45 million to help terminate commissions to development agents on its rapidly growing personal loans business.
Oil and gas producer Neon Energy has said the result of its recent shareholder meeting gives it a mandate to pursue a merger with Melbourne-based MEO, despite receiving renewed notice that key shareholder Evoworld Corporation will call a meeting to remove directors.
Subiaco-based White Star Resources, which is in the process of acquiring a technology business, will seek shareholder approval to increase its previously announced capital raising to $5 million, to accommodate a new prominent cornerstone investor.
Transport and logistics group Toll Holdings has announced that its marine logistics business will focus on the offshore LNG sector, after completing the sale of several operations in northern Australia and Asia.
Shares in Perth-based contractor OTOC have surged on news it is looking to expand its presence on the east coast with the acquisition of Sydney-based Geo-Metric Surveying for up to $12 million.
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Perth-based unlisted ATM provider Stargroup is set to be bought out for an undisclosed amount by ASX-listed iCash Payment Systems, after iCash announced today it has signed a memorandum of understanding for the acquisition.
Redcliffe-based labour and equipment hire business Global Construction Services has secured $14 million through a placement with a Brookfield Asset Management private equity fund, as part of a strategic partnership.
Shares in Quickflix have plummeted on news it wants to raise almost $6 million to help it secure new TV and movie content ahead of the arrival of US giant Netflix in Australia.
Shares in Adelaide-based Flinders Mines plummeted on the stock market today after it announced a $6.7 million capital raising to complete a feasibility study on its Pilbara iron ore project.
Amcom Telecommunications is preparing for a busy end to the year as negotiations with Vocus Communications continue and TPG Telecom waits on the sidelines.
Skilled Group says it will buy-out its partner in the Offshore Marine Services Alliance joint venture for $6.9 million, and plans to merge it with its Broadsword Marine operations to create a single marine services business.
IMX Resources will seek to raise $3 million as part of an entitlement offer for the exploration and evaluation at tenements on its Nachingwea property in Tanzania.
Scope Systems has bought out NEC Australia’s business-wide information management software in an agreement that significantly broadens the Perth technology operation’s client base.
Latin Resources has entered into a $3.12 million funding agreement with US-based Lind Partners Australia to fund the development of its copper projects and its Guadalupito Andaulsite heavy mineral sands project in Peru.
A Perth technology company that boasts a track record of sales growth and annual profits is planning to list on the ASX after launching a $2 million initial public offering.
The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.
BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.
Mongolian-focused coal miner Tian Poh Resources will make its debut on the ASX tomorrow, after raising about $2.4 million through its initial public offering.
Subiaco-based telecommunications company ZipTel has completed a $5 million placement, ahead of the launch of its ZipT international calling app next month.
Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.
