Latest Asx News

Midway Limited’s shares have been suspended from trading following Federal Court approval of its acquisition by River Capital’s RCM BidCo Pty Ltd, marking a pivotal moment for the timber producer.

BlackRock Investment Management (Australia) Limited has announced estimated cash distributions for three Australian iShares ETFs, outlining key dates and reinvestment options for investors.

Merchant House International Limited has voluntarily suspended trading on the ASX following the resignation of its only Australian director, Ian Burton. The suspension is expected to last until a new Australian director is appointed, anticipated by late February.

Australian Foundation Investment Company Limited has extended its on-market buy-back facility for another year, updating broker details and increasing the maximum shares to be repurchased as part of ongoing capital management.

AMCIL Limited has refreshed its on-market buy-back facility for another 12 months, appointing Morgans Financial Limited as broker and setting a maximum purchase of over 31 million shares.

Perennial Investment Management Limited has announced an estimated monthly distribution of 1.785 cents per unit for January 2025 for the Perennial Income Generator Fund (ASX: EIGA), outlining key dates and options for unitholders.

One Managed Investment Funds Limited has initiated the termination and liquidation of the Fat Prophets Global Property Fund, signaling a significant shift for investors as the on-market buyback closes.

Eumundi Group's scheme of arrangement has been legally approved, paving the way for SEQ Hospitality Group to acquire all shares at $1.62 each. Trading of Eumundi shares on the ASX is suspended effective immediately, with payment scheduled for mid-February.

OzAurum Resources has reported a significant high-grade gold discovery at its Mulgabbie North Gold Project, highlighted by visible gold and substantial quartz veining. Follow-up drilling is set to expand on this promising find, potentially boosting the project’s value.

AuKing Mining has entered a strategic agreement with Gage Capital Management, raising $300,000 through a 60 million share placement and selling two Tanzanian prospecting licences, positioning the company for growth across multiple jurisdictions.

Renegade Exploration has revealed significant concentrations of critical defence metals germanium and gallium at its Andrew Deposit in Yukon, Canada, highlighting new strategic value in its zinc-lead-silver project. The discovery aligns with increased government interest in critical minerals infrastructure.

Transurban Group updates its dividend distribution details, declaring a 32-cent unfranked dividend per security and confirming the Dividend Reinvestment Plan price ahead of the February payment date.