Latest Restructuring News

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.

Mont Royal Resources has voluntarily suspended its shares on the ASX pending a critical announcement about a proposed re-compliance transaction, signaling a pivotal moment for the mining company.

Lendlease Group has reported a robust turnaround in its half-year results, posting an operating profit after tax of $122 million and advancing its strategic capital recycling initiatives. The company is on track to reduce gearing and enhance operational efficiency amid ongoing market challenges.

Burgundy Diamond Mines has secured a novel diesel fuel offtake agreement with Macquarie Bank, easing seasonal cash flow pressures and potentially setting a precedent for multi-year collaboration.

Sun Silver has appointed co-founder Andrew Dornan as Managing Director and corporate lawyer Shaun Hardcastle as Non-Executive Chairman, signaling a strategic push to advance its flagship Maverick Springs Silver-Gold Project in Nevada.

Adore Beauty Group Limited reported a modest 2.3% revenue increase to $103 million for H1 FY25, while profits declined 36.6% due to acquisition and restructuring expenses. The company is expanding its retail footprint with new store openings planned in 2025.

BlueScope Steel reported steady revenue of $8.59 billion for the first half of FY2025, maintaining solid earnings despite challenging raw material costs and subdued housing demand. The company’s diversified operations and ongoing capital investments underpin its resilience amid market headwinds.

Entyr Limited has extended the closing date for its capital raising offers to 3 March 2025, providing investors additional time to participate in new share and option subscriptions.

Ecofibre Limited has restructured its Australian loan facilities, extending repayment terms and adjusting interest rates to support a more sustainable financial footing.

BSA Limited has temporarily paused trading of its securities, signaling potential significant developments. Investors await further details to understand the implications.

Wellnex Life Limited has locked in A$9 million in conditional commitments to support its proposed dual listing on the London Stock Exchange’s AIM market, alongside launching a 1:1 entitlement offer for existing shareholders.

AMP Limited’s 2024 results reveal a 43% drop in statutory net profit to $150 million, offset by a 15.1% rise in underlying profit to $236 million, alongside the completion of its Advice business sale and the launch of a new digital bank.