Deals

Gina Rinehart-backed Arafura Rare Earths has launched a $20 million placement, as it continues preparations for a $1.2 billion raising needed to fund its flagship project.

Alcoa’s proposed takeover of its joint venture partner Alumina Limited has cleared another hurdle after its stockholders voted to support the $3.4 billion deal.

Subiaco-based QUBE Property Group plans to build a new industrial facility after is purchase of 4.5 hectares in Forrestdale for $6.82 million.

A gym and a bowling alley have sold for a combined $8.2 million to local and eastern states investors.

Osborne Park-based XRF Scientific plans to move to full ownership of its subsidiary Orbis Mining, in an acquisition valued at nearly $4 million.

Shareholders in marine services company MMA Offshore have voted to approve the $1.1 billion takeover by Singaporean firm Cyan MMA Holdings.

Maylands-based MPA Skills Trade Training has joined not-for-profit employment and skills provider IntoWork Group, marking the company’s exit from voluntary administration.

MMA Offshore’s biggest shareholders have backed Seraya Partners’ $1 billion takeover bid of the Perth-based marine services company.

The industrial building has changed hands for the first time in three decades.