Latest Delisting News

Visioneering Technologies Inc. has requested an immediate suspension from ASX trading as it prepares for removal from the official list, raising questions about the company’s future.

Poseidon Nickel and Horizon Minerals have officially completed their merger via schemes of arrangement, with Poseidon shares suspended and scheme consideration set for distribution next week.

8VI Holdings Limited has requested an immediate voluntary suspension of its securities on the ASX, paving the way for its planned delisting on 13 February 2025.

VIP Gloves Limited has obtained a short-term interest-free loan of approximately AUD$1 million ahead of a planned share placement, as it faces potential delisting from the ASX pending a critical reinstatement decision.

The Supreme Court of Western Australia has approved the merger between Horizon Minerals and Poseidon Nickel, setting the stage for a significant consolidation in the nickel sector. Key dates for trading suspension and scheme implementation have now been confirmed.

Hotel Property Investments (HPI) reported a robust half-year profit of A$16.7 million, driven by rising rental income and property valuations, while managing significant takeover defence costs amid Charter Hall Retail REIT and Hostplus bids.

Shekel Brainweigh Ltd has requested an immediate suspension from ASX quotation as it moves towards removal from the official ASX list, raising questions about the company’s future.

Beam Dental Bidco Pty Ltd’s off-market takeover offer for Pacific Smiles Group Limited is set to close on 11 February 2025, with the Pacific Smiles Board unanimously recommending acceptance of the cash offer. Holding 89.23% voting power, Bidco signals no extension or price increase, urging shareholders to act promptly.

Red Hawk Mining has issued a supplementary target's statement endorsing FMG’s increased $1.20 per share takeover offer, with FMG now holding a commanding 78% stake. The directors urge shareholders to accept the offer ahead of the March 3 closing date, citing the absence of superior proposals.

Fortescue Ltd has increased its takeover offer for Red Hawk Mining to $1.20 per share after securing acceptance from major shareholders, pushing its stake to approximately 78%. This move triggers the offer’s increased price condition and sets the stage for Red Hawk’s likely delisting from the ASX.

Vmoto reports a 33% decline in FY24 unit sales but maintains operational cash flow positivity and secures new joint ventures in Thailand and Mexico to bolster its electric mobility footprint.

Mako Gold Limited’s securities have been suspended from ASX trading following Aurum Resources’ dispatch of compulsory acquisition notices, signaling a pivotal ownership transition.