Latest Asic News

Loyal Metals has cleared a key regulatory hurdle with ASIC registering the Scheme Booklet for its proposed A$0.45 per share acquisition by PT Bumi Resources. The Independent Expert endorses the deal as fair and reasonable, while Loyal’s board unanimously backs the scheme, setting the stage for a shareholder vote.

The Federal Court has approved Advanced Innergy Solutions’ takeover of Matrix Composites, triggering the final steps toward Matrix’s ASX delisting by late July 2026.

Qube Holdings' acquisition by Rubik Australia is now legally effective following Supreme Court approval, with trading suspension imminent. The company has declared a fully franked special dividend of $0.3465 per share, payable mid-July, ahead of the scheme implementation in August.

The Federal Court has given the green light to Aura Consolidated Group’s takeover of Qoria Limited, setting the stage for a share suspension on ASX and the start of Aura CDIs trading next week.

The Supreme Court of New South Wales has approved the scheme of arrangement for Rubik Australia to acquire Qube Holdings, setting the stage for trading suspension and ownership transfer.

Matrix Composites & Engineering shareholders have overwhelmingly approved the acquisition scheme by Advanced Innergy Solutions, clearing a major hurdle ahead of Federal Court approval and delisting.

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.

Global X Management (AUS) Limited is trimming the management fee for its Australia 300 ETF (ASX: A300) by 25%, effective 1 July 2026, reflecting a subtle but meaningful cost saving for investors.

ClearVue Technologies is inviting eligible shareholders to participate in a $1 million Share Purchase Plan at a discount, following a $5 million institutional placement. The capital raised will support ERP rollout, R&D, and working capital.

Sequoia Financial Group has postponed its dividend payment from late June to late August following ASIC's directive tied to ongoing Federal Court proceedings over the InterPrac sale.

Australian Strategic Materials (ASM) has postponed its shareholder Scheme Meetings to early August 2026, following Energy Fuels’ major financing and acquisition moves. The updated timetable awaits court and regulatory approvals, with the ASM board maintaining its unanimous recommendation.

The Supreme Court of New South Wales has approved the scheme of arrangement for SDI Limited’s acquisition by Beijing Guoci’s subsidiary, paving the way for a cash payout and ASX suspension.