Latest Industrial Goods News

Multistack International is progressing with the sale of its core assets to Willing Y Limited, maintaining operations cautiously while cash reserves decline amid ongoing operating losses.

Multistack International has formalised the sale of nearly all its assets and liabilities to Hong Kong-based Willing Y Limited, marking a decisive end to its loss-making operations. The transaction hinges on shareholder and regulatory approvals, with completion targeted for June 30, 2026.

Multistack International Limited (ASX:MSI) has agreed in principle to sell all its assets and liabilities to Hong Kong-based Willing Y Limited, marking a significant strategic shift as MSI plans to discontinue its current business and explore new opportunities.

PPK Group Limited has reported a remarkable turnaround with a $10.5 million profit for H1 2026, driven by a significant non-cash gain from its Li-S Energy investment and strategic portfolio adjustments.

Advanced Braking Technology Ltd has corrected its half-year results to reveal a robust 55.2% increase in earnings per share, alongside a strong 27% revenue growth driven by demand for its safety braking systems.

Oldfields Holdings reports steady progress in its turnaround strategy, cutting costs and reallocating assets to stronger regions while preparing for a capital raise and potential acquisitions.

Fleetwood Limited has appointed Andrea Pidcock as its new CEO, bringing a wealth of operational and commercial leadership experience to the industrial and construction services company. Her appointment signals a strategic push towards operational excellence and growth through modern construction methods.

Lynch Group Holdings has officially been acquired by Darwin Aus Bidco through a scheme of arrangement, with shareholders paid A$2.155 per share and the company set for imminent ASX delisting.

Lynch Group Holdings confirms Federal Court approval of its acquisition scheme by Darwin Aus Bidco, with shares suspended and a cash payout scheduled. Shareholders await the next steps as the deal moves toward implementation.

Oldfields Holdings navigated a challenging first quarter of FY2026 with tight cash flow and subdued sales but made strategic moves to streamline operations and bolster scaffold order backlogs for growth.

Janus Electric reported a modest revenue increase in Q1 FY26 despite supply chain setbacks and remains suspended from ASX pending audit completion. A $5 million strategic investment from EVUNI Pte Ltd promises to accelerate growth, particularly in sub-Saharan Africa.

Adrad Holdings announces immediate board reshuffle with Chairman Glenn Davis stepping down, CEO Paul Proctor promoted to Managing Director, and Donald McGurk appointed Chairman.