Latest Sydney News

NEXTDC has secured an additional A$500 million in senior debt facilities, lifting its total available senior debt to A$8.7 billion. The upsized debt package supports ongoing data centre expansion and recent contract wins, reflecting strong lender confidence.

Xingye Gold has increased its takeover bid for Far East Gold to $0.15 per share, conditional on securing majority ownership by 21 July 2026, and extended the offer period to 29 July. The improved price offers a significant premium amid ongoing project and financial risks at Far East Gold.

FDC Consolidated lifted its profit after tax to $54.9 million for FY2025, alongside a significant jump in dividends paid and a strong revenue increase driven by its construction and fitout operations across Australia.

Qube Holdings' acquisition by Rubik Australia is now legally effective following Supreme Court approval, with trading suspension imminent. The company has declared a fully franked special dividend of $0.3465 per share, payable mid-July, ahead of the scheme implementation in August.

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.

Prophecy International has launched a sweeping global organisational restructure that will slash its workforce by approximately 48%, aiming to realign operations and reduce costs ahead of its FY26 results.

IFM Global Infrastructure Fund has increased its holding in Atlas Arteria to over 57%, urging shareholders to accept its unconditional A$5.10 per security takeover offer before it closes on 7 July 2026. The bidder objects to Atlas Arteria's recent US$100 million settlement to Ontario Teachers’ Pension Plan and plans a strategic review post-acquisition.

Peter Warren Automotive’s planned acquisition of Wakeling Automotive hits a regulatory and timing impasse as vendors refuse to extend the deal’s Sunset Date despite ACCC application adjustments.

Kelsian Group has locked in a seven-year NZ$101 million ferry contract in Auckland and is acquiring local operator Belaire Ferries for NZ$8.9 million, marking its first major New Zealand expansion.

Abacus Storage King has finalised its internalisation process, appointing Nikki Lawson as CEO and rebranding to Storage King Group with a new ASX ticker SKG.

Infinity Mining (ASX:IMI) has achieved almost 100% copper extraction from century-old smelter waste at its Cangai site using Orivium’s advanced technology, advancing plans for a new processing plant.

Centuria Capital Group has secured a 50% stake in prime Sydney CBD offices for $454 million, launching a new fund targeting a 7.5% annual yield and backed by domestic and Japanese investors.