Latest State Owned Enterprises News

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Genmin Limited has received a pivotal Letter of Intent from Sino-Hunan International Engineering and Development Co., Ltd to finance and co-develop its flagship Baniaka Iron Ore Project in Gabon, marking a significant step towards production.
Maxwell Dee
Maxwell Dee
1 Dec 2025
The a2 Milk Company is expanding its strategic partnership with China State Farm to include English label infant milk formula products, starting with a2 Genesis™ in early 2026. This move aims to strengthen distribution control and capitalize on China’s booming infant formula market.
Victor Sage
Victor Sage
10 Nov 2025
BSP Financial Group reveals the Papua New Guinea Government’s plan to shift accounts to a new state-owned bank, potentially denting BSP’s profits. The bank is evaluating the full impact and possible responses.
Claire Turing
Claire Turing
9 Sept 2025
PT Aneka Tambang Tbk (ANTAM) has finalized a US$500 million loan facility to support its corporate initiatives, marking a significant material transaction disclosed under Indonesian financial regulations.
Maxwell Dee
Maxwell Dee
4 Aug 2025
Pilot Energy reports significant progress in transitioning the Cliff Head Oil Field to a carbon storage facility, alongside a major upgrade in WA-481P gas and oil prospective resources and a $6.8 million capital raise.
Maxwell Dee
Maxwell Dee
31 July 2025
Pilot Energy has completed the first stage of acquiring full ownership of the Cliff Head Oil Joint Venture assets, positioning itself to advance a pioneering carbon capture and storage project with new international partners.
Maxwell Dee
Maxwell Dee
24 June 2025
Highfield Resources has inked a non-binding letter of intent with Qinghai Salt Lake, a China Minmetals subsidiary, for a US$300 million equity investment aimed at fast-tracking its potash projects in Spain and Canada.
Maxwell Dee
Maxwell Dee
13 May 2025
Pilot Energy has significantly upgraded its WA-481P gas and oil prospective resources, completed a board renewal, and secured $7.4 million in capital, while progressing the acquisition of the Cliff Head Oil Joint Venture and attracting foreign investment interest in its carbon storage project.
Maxwell Dee
Maxwell Dee
30 Apr 2025
DXN Limited reported a modest 2% revenue increase to $2.5 million in Q3 FY25, launched its Data Centre as a Service division with a $3.6 million initial contract, and progressed a key acquisition valued at $10 million, positioning itself for growth despite some project delays.
Sophie Babbage
Sophie Babbage
30 Apr 2025
Aumake Limited reports a robust 160% year-on-year surge in quarterly cash receipts to A$12.7 million, driven by new strategic partnerships and operational efficiencies. The company also implements executive salary cuts to sharpen its path toward cash flow positivity.
Victor Sage
Victor Sage
29 Apr 2025
Globe Metals & Mining has reached a pivotal funding milestone with a US$10 million convertible loan agreement, propelling the Kanyika Niobium Project closer to development. The updated feasibility study remains on track for completion by March/April 2025, underpinning the project's execution phase.
Victor Sage
Victor Sage
31 Jan 2025
Aumake Limited reported a remarkable 239% increase in quarterly cash receipts, driven by a $16 million purchase order from Yangtze River and a strategic capital raise, positioning the company for robust growth in 2025.
Victor Sage
Victor Sage
30 Jan 2025