Latest Asx News

SGH Ltd and Steel Dynamics have jointly proposed a $13.2 billion acquisition of BlueScope Steel, offering shareholders a significant premium and planning a strategic split of assets between Australia and North America.

BlueScope Steel has received a $30 per share takeover proposal from a consortium of SGH Limited and US-based Steel Dynamics, sparking fresh speculation about the steelmaker's future.

BlackRock Investment Management (Australia) Limited has announced estimated cash distributions for a broad suite of Australian iShares ETFs, with key dates set for January 2026. Investors are reminded to update details and consider the Distribution Reinvestment Plan ahead of the record date.

Rent.com.au has seen an 80% exercise rate of its listed options, raising nearly $8 million and securing a robust funding position ahead of expected cashflow break-even. This move underscores strong investor backing and sets the stage for accelerated growth.

ChemX Materials Limited has completed its Deed of Company Arrangement and appointed a new board, yet remains suspended from ASX trading while relying on director-related funding. The company is focused on stabilisation and exploring future opportunities.

Global X Management (AUS) Limited has announced final distribution amounts for 28 ETFs listed on the ASX AQUA Market, revealing a varied payout landscape for the period ending 31 December 2025.

Auris Minerals Limited has been queried by the ASX following a sharp rise in its share price and trading volume, with the company denying any undisclosed information behind the surge.

Medallion Metals Limited has opened a Share Purchase Plan offering eligible shareholders in Australia and New Zealand the chance to buy shares at a 20.8% discount, aiming to raise $5 million for advancing its Forrestania and Cosmic Boy projects.

Embark Early Education Limited has initiated an off-market takeover bid for Mayfield Childcare Limited, offering shareholders a choice between scrip or cash consideration at a significant premium. The bid aims to consolidate operations and expand Embark’s footprint across Australia’s childcare sector.

Estrella Resources appoints Robert Mencel as CEO, transitioning to Managing Director by mid-2026, to spearhead its limestone and manganese projects in Timor-Leste. The leadership reshuffle aims to accelerate development and operational ramp-up.

Carbonxt Group Limited has raised $600,000 through a share placement to fund working capital and increase its ownership in New Carbon Processing, LLC to 46.7%. The move supports progress at New Carbon’s Kentucky facility as it nears commissioning.

TMK Energy has achieved a fifth consecutive month of rising gas production at its Gurvantes XXXV Project in Mongolia, hitting a new daily record in December 2025. The company is now advancing plans to harness this gas for power generation, signalling a promising commercial phase ahead.