Latest Australian Securities And Investments Commission News

Equity Trustees faces an expanded Federal Court claim from ASIC seeking compensation for superannuation members after a $73 million revaluation hit the Shield Master Fund. The trustee disputes liability and supports liquidation efforts to recover member funds.

NSX Limited shareholders have overwhelmingly approved a scheme of arrangement for acquisition by a CNSX Markets-related entity, setting the stage for a significant market transition pending court approval.

The Supreme Court of New South Wales has approved MaxoTel's acquisition of all remaining Vonex shares, triggering a suspension of Vonex trading and impending delisting from the ASX.

Aurumin Limited has secured Supreme Court approval to convene shareholder and optionholder meetings for Brightstar Resources’ proposed full acquisition. The company’s directors unanimously back the schemes, setting the stage for a pivotal vote in November.

Aguia Resources has enhanced its capital raising by increasing free attaching options to one per new share in its $4 million entitlement issue, now open to shareholders in Australia, New Zealand, and Hong Kong.

Mont Royal Resources has lodged a Replacement Prospectus updating its financial disclosures and use of funds ahead of a pivotal shareholder meeting on 10 October to approve a merger with Commerce Resources.

ASIC has initiated civil proceedings against Fiducian’s subsidiary, alleging misleading statements and compliance failures related to a now-closed investment fund. Fiducian is cooperating but remains tight-lipped as the case unfolds.

TerraCom Limited reports a $43.4 million net loss for FY25, reflecting increased impairment charges and operational challenges, while advancing its strategic Moorlands Project in Australia.

Southern Cross Media Group and Seven West Media have agreed to merge, creating a dominant integrated TV, audio, and digital platform in Australia. The deal promises significant cost synergies and shareholder value accretion, pending regulatory and shareholder approvals.

Seven West Media and Southern Cross Media have agreed to merge, creating a dominant integrated media company with extensive reach across TV, audio, and digital platforms in Australia. The merger promises significant cost synergies and enhanced shareholder value, pending regulatory and shareholder approvals.

Gold Road Resources Limited shares have been suspended from the ASX following court approval of its acquisition by Gruyere Holdings Pty Ltd, marking a pivotal step in the gold miner’s corporate journey.

La Trobe Financial confirms the resolution of regulatory issues as ASIC lifts the Interim Stop Order on its 12 Month Term Account, restoring investor confidence.