Latest Regulatory Intervention News

The Takeovers Panel has replaced previous interim orders on Forrestania Resources’ takeover bid for Zenith Minerals with fresh orders that prevent Forrestania from closing the bid until the Panel’s proceedings conclude or two months pass.

Bendigo and Adelaide Bank is embarking on a three-year, $70 million program to fix significant non-financial risk management weaknesses flagged by APRA, while reporting a $375 million statutory profit for FY26 impacted by rectification provisions and legal penalties.

The Takeovers Panel has imposed interim orders preventing Forrestania Resources from advancing its takeover bid for Zenith Minerals without Panel consent, maintaining the status quo amid ongoing disputes.

EV Resources has secured sub-underwriting commitments covering the full $1 million underwritten portion of its $1.52 million rights issue, with key insiders stepping up to back the capital raise.

The Takeovers Panel President has imposed interim orders preventing Tenstar Trading Limited from selling or otherwise dealing with its shares in DGR Global Limited, maintaining the status quo amid an ongoing dispute.

The Australian Treasurer has mandated the disposal of over 1.6 billion shares held by foreign entities in Northern Minerals, intensifying regulatory scrutiny of foreign ownership in this critical rare earths company.

Stellar Resources has pushed its Heemskirk Tin Project closer to development readiness, reporting a 41% increase in the Queen Hill resource and uncovering new high-grade tin mineralisation below the Severn deposit. The company also secured a key tailings facility agreement and maintains a strong cash position amid volatile tin prices.

The Takeovers Panel has temporarily stayed its previous orders against Humm Group Limited following a review application by Mr Andrew Abercrombie. The interim measure preserves the status quo while the review is underway, delaying enforcement of the initial rulings.

The Takeovers Panel has issued final orders against Humm Group Limited following misleading statements about a Credit Corp takeover proposal and improper share acquisitions by a major shareholder. The Panel mandates corrective disclosure and divestment of shares to restore market integrity.

The Australian Treasurer has issued interim directions preventing Hong Kong Ying Tak Limited from transferring or voting over 361 million shares in Northern Minerals, amid suspected breaches of foreign investment disposal orders. Northern Minerals is cooperating with regulators while focusing on its rare earths project.

Magnetite Mines Limited’s MGTOG securities have been suspended from ASX quotation due to non-compliance with listing rules, raising questions about the company’s regulatory standing.

Identitii Limited has reopened its pro rata rights issue following a Takeovers Panel ruling, granting shareholders withdrawal rights and terminating the underwriting agreement.