Latest Financial Services News

Klevo Rewards’ subsidiary Fly Wallet has secured approval to join the SWIFT network, marking a key step in expanding its digital payments and rewards platform across the Asia-Pacific region.

Kina Securities Limited has launched its inaugural unsecured subordinated bond issue worth PGK 235 million, offering a fixed 7.55% coupon over 10 years, marking a significant step in Papua New Guinea's capital markets.

H&G High Conviction Limited has been suspended from ASX trading due to failing to meet operational requirements, raising questions about its future as a listed entity.

Latitude Group Holdings is considering launching a new Capital Notes 2 offer, potentially allowing existing CN1 holders to reinvest. The offer will require applications through appointed Syndicate Brokers under updated regulatory rules.

Perpetual Limited has agreed to sell its Wealth Management business to Bain Capital for an upfront $500 million, marking a strategic shift towards asset management and corporate trustee services.

WAM Active Limited has updated its Dividend Reinvestment Plan rules, allowing residual dividend balances to be carried forward and aligning the plan with current market practices. These changes aim to enhance shareholder participation and capital management.

Argo Investments Limited has confirmed a fully franked dividend of AUD 0.185 per share for the half-year ending December 2025, alongside updated details on its Dividend Reinvestment Plan and Bonus Security Plan pricing.

Clime Investment Management has entered a strategic partnership to combine its advice business with a leading Australian financial advice group, retaining a significant equity stake and vendor financing role.

ARC Funds Limited has been suspended from ASX trading due to a failure to maintain the minimum number of directors required by law, raising questions about its governance and future compliance.

Diversified United Investment Limited (DUI) has registered its Scheme Booklet with ASIC, proposing a merger with Australian United Investment Company Limited (AUI). The Independent Expert concludes the merger is in the best interests of DUI shareholders, with directors unanimously recommending a vote in favour.

Humm Group has appointed CEO Angelo Demasi as Managing Director, reinforcing governance and leadership alignment amid ongoing transformation efforts.

Findi Limited has extended the closing date of its offer to 19 March 2026 and updated details following a $25 million institutional placement. The company’s share capital structure and financial position have been revised, with key changes including director participation and lead manager incentives.