Latest Winding Up News

Mercury reports an 11% drop in FY25 total generation, with hydro output hitting its fourth lowest level since 1980. Yet, advances from the Karāpiro Hydro Rehabilitation and AI-driven Digital River platform lift hydro generation forecasts for FY26 and beyond.

Meridian Energy’s June 2025 report reveals hydro storage levels exceeding historical averages and a notable rise in retail electricity sales, despite lower generation prices. The company also signals the end of its smelter demand response agreement.

Athena Resources has partnered with Warradarge Energy and Fenix Resources to launch the Mid West Green Iron Project, aiming to produce sustainable green iron using ultra-high-grade magnetite and renewable hydrogen in Western Australia.

Bluechiip Limited has completed the sale of its assets amid liquidation, with creditors voting to wind up the company and no expected returns for unsecured creditors or shareholders.

Creditors of Mosaic Brands Limited and its associated companies have resolved to place the group into liquidation, marking a significant development in the retailer’s ongoing financial distress.

Elanor Investors Group updates on its ongoing asset divestment program, debt covenant negotiations, and corporate governance reforms as it navigates balance sheet challenges and strategic options.

HMC Capital has delayed the Neoen VIC Portfolio acquisition settlement by one month, secured a $200 million mezzanine financing facility, and announced a strategic merger of its renewable energy platforms under new leadership.

Next Science Limited has agreed to sell most of its assets to Demetra Holdings for US$50 million, with plans to return an estimated US$30 million net proceeds to shareholders pending approval.

Tigers Realm Coal’s ongoing efforts to divest its Russian mining assets have hit a significant impasse amid geopolitical tensions, regulatory hurdles, and a stalled sale agreement, leaving the company suspended from ASX trading.

TPC Consolidated Limited has extended critical deadlines for its acquisition scheme with Wollar Solar Holding, awaiting Foreign Investment Review Board approval. The move delays the scheme's completion but keeps the deal alive for now.

Strike Energy unveils a strategic pivot focusing on gas-fired power and upstream gas projects to underpin Western Australia’s energy transition and deliver shareholder value.

Meridian Energy has won shareholder approval to acquire NZ Windfarms, paving the way for a landmark repowering of the Te Rere Hau wind farm that could multiply renewable output sevenfold.