Latest Market Liquidity News

Engenco Limited’s board has unanimously recommended shareholders accept Elph Investments’ increased all-cash takeover offer of 31 cents per share, with major shareholders already on board and the acquirer nearing compulsory acquisition thresholds.

Brookfield Infrastructure Partners has sold nearly a quarter of its stake in Dalrymple Bay Infrastructure, reducing its holding but remaining the largest shareholder. This move boosts DBI's free float and could pave the way for its inclusion in the S&P ASX 200 index.

Dominion Income Trust 1 (ASX – DN1) has announced a $45 million placement at $101 per unit, aiming to enhance fund diversification and liquidity without impacting net asset value.

Soul Patts and Brickworks have announced a transformative merger to create Washington H. Soul Pattinson, a new $14 billion ASX-listed company. The deal simplifies ownership, boosts liquidity, and offers shareholders a premium on Brickworks shares.

Metrics Master Income Trust (MXT) has successfully completed a $315 million wholesale placement, boosting its portfolio diversification and increasing its net asset value to approximately $2.44 billion.

Wellnex Life Limited has had its trading suspension lifted following its response to ASX queries related to a recent shareholder letter, reopening market access to its shares.

EDU Holdings has withdrawn its plan to delist from the ASX and cancel an associated buy-back, responding to shareholder feedback and current share price dynamics.

Kincora Copper Limited reports a strategic pivot to a project generator model, unlocking over A$110 million in partner funding and advancing multiple copper-gold exploration projects across Australia and Mongolia.

Engenco Limited’s independent board committee recommends shareholders accept Elph Investments’ 30.5 cents per share takeover offer, despite an independent expert deeming the price ‘not fair but reasonable’. The offer, conditional on increasing Elph’s stake to over 92%, presents shareholders with a choice between immediate liquidity and longer-term exposure.

Macarthur Minerals is voluntarily delisting from the TSX Venture Exchange and OTC Market to focus on its Australian Stock Exchange listing, aiming to streamline operations and better serve its predominantly Australian investor base.

Pact Group Holdings has received conditional approval from the ASX for its voluntary delisting, pending shareholder endorsement at an upcoming extraordinary general meeting scheduled for 12 June 2025.

Health and Plant Protein Group Limited has dramatically reduced its half-year net loss to $43,000 following the divestment of its macadamia division, though uncertainty lingers over a significant IRS receivable in the US.