Fraser Beattie

Doubleview-based Ausnet Real Estate Services, which is backed by mortgage aggregator Finsure and led by chief executive Paul Niardone, is seeking an ASX listing through a reverse takeover of Namibian Copper, which saw its share price crash by more than 50 per cent after the deal was announced.

Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.

Perth company directors Ian Middlemas and Domenic Martino have joined a flurry of pre-Christmas M&A deals that are valued at nearly $300 million, and designed to revive moribund resources companies.

Property Council of Australia’s long-serving Western Australian executive director Joe Lenzo has announced he will retire next March, with the search for a successor to begin immediately.

Carbon Conscious plans to expand its business into the dairy sector, announcing plans to purchase a South West dairy property and link up with a Chinese trading group.

Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.

Rio Tinto expects to cut its capital expenditure from a previously forecast $US6 billion to around $US5 billion next year, but it’s unclear if the new figure includes the expected cost of its proposed Silvergrass iron ore mine.

Seafood producer and one of Western Australia’s largest private companies, Kailis Bros, has been fined $10,800 by the consumer watchdog for misleading conduct.

Perth-based explorer Goldphyre Resources has entered into an agreement to purchase a large area of potash-prospective land near Kalgoorlie, which is owned by prominent prospector Mark Creasy.