Latest Restructuring News

BWP Group reported a strong $265.6 million net profit for FY2025, driven by property valuation gains and rental growth, while completing a major internalisation and lease reset transaction with Wesfarmers.

ChemX Materials Limited has explained the delayed filing of director interest notices, attributing it to transitional challenges during its recent recapitalisation and governance overhaul.

Platinum Investment Management has officially terminated its Scheme Implementation Deed with Platinum Capital Limited, marking a significant shift in the management of the Platinum International Fund Complex ETF.

TPG Telecom has completed its transformative Vocus acquisition, launching a $4.7 billion capital management plan that includes a $3 billion shareholder return, significant debt repayment, and strong FY25 financial guidance.

TPG Telecom has unveiled pro forma financials reflecting its recent fibre network sale to Vocus, alongside updated FY25 guidance projecting EBITDA between $1.6 billion and $1.65 billion. The company signals a strategic pivot with fresh investments in satellite technology and IT systems.

Reckon Limited has delivered a robust half-year performance with a 16% revenue increase and a 29% rise in net profit attributable to members, while declaring a steady fully franked dividend. Despite these gains, the company’s net tangible assets per share remain negative, highlighting ongoing balance sheet pressures.

Key Petroleum Ltd has secured A$152,361 through a share placement aimed at supporting its merger preparations and corporate development initiatives.

HeraMED advances AI-driven maternity care partnerships and strengthens its US commercial team, navigating policy uncertainties while progressing its global expansion and funding strategies.

Endeavour Group faces a leadership shake-up as Executive Chairman Ari Mervis resigns, with CFO Kate Beattie appointed interim CEO ahead of a strategic refresh and new chair search. The group also provides solid F25 sales and profit guidance despite restructuring costs.

Xanadu Mines Ltd shares will be suspended from ASX trading following compulsory acquisition notices issued by Bastion Mining Pte. Ltd, signaling a significant shift in ownership.

Sky New Zealand has finalized its acquisition of Discovery NZ Limited for a nominal sum, aiming to leverage significant cost synergies and diversify revenue streams. Despite Discovery NZ’s recent losses, Sky projects a positive cash flow impact and a pathway to meaningful earnings growth by FY28.

Receivers and Managers have been appointed over Bowen Coking Coal and its subsidiaries following voluntary administration, as the company explores sale and recapitalisation options while maintaining operations.