Latest It Services News

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

HITIQ Limited has closed its pro-rata rights issue, raising $360,426 before costs, and is now focusing on placing the remaining shortfall of shares within three months.

Engenco Limited is set for trading suspension and delisting from the ASX after Elph Investments secures a 95.57% stake and moves to compulsorily acquire remaining shares.

Infragreen Group Limited has launched a $40 million initial public offering to accelerate growth in sustainable infrastructure across Australia and New Zealand, while strengthening its balance sheet through significant debt repayment.

Excite Technology Services has landed a $676,000 contract with the Department of Home Affairs to enhance national digital forensics capabilities, marking a significant step in its government IT services growth.

Microba Life Sciences has raised $14.5 million to accelerate clinical adoption of its microbiome testing products, while narrowing its FY25 revenue guidance and signing a strategic UK laboratory agreement.

AGP Investment Management forecasts a strong unfranked distribution for the WCM Quality Global Growth Fund – Active ETF, following a stellar 30.22% return year-to-date that outpaces its benchmark by over 14%.

MA Income Credit Trust (ASX – MA1) has launched a fully underwritten wholesale placement to raise nearly $50 million, aiming to bolster its credit investment portfolio. The placement will issue over 24.8 million new units at $2.00 each without requiring securityholder approval.

The Calmer Co. International Limited has launched its Taki Mai kava tinctures on Amazon USA, marking a strategic expansion into a rapidly growing wellness segment. This move aims to capitalize on the booming US tincture market and strengthen the company’s foothold in natural relaxation products.

Jayride Group launches a new B2B SaaS platform aimed at transforming ground transportation with integrated payments, fleet management, and AI tools, promising higher margins and scalable growth.

Downer EDI Limited has successfully refinanced $1 billion of its syndicated sustainability linked loan facility, extending maturities and improving its debt maturity profile amid upcoming bond repayments.

Adairs Limited projects modest overall growth for FY25, buoyed by strong performances from Adairs and Mocka brands, while Focus on Furniture struggles with declining sales and earnings.