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Agribusiness

Wellard

Wellard taps investors for $52 million

Mark Beyer AAP
03 Apr 2017

Loss-making livestock exporter Wellard is undertaking a share placement and entitlement offer as part of a $52 million capital raising it hopes will allow it to exploit a predicted improvement in trading conditions.

CBH Group

Crane to retire as CBH boss

Business News Business News
31 Mar 2017

CBH Group chief executive Andrew Crane is stepping down from the role after eight years at the helm of Australia's largest grain exporter, with the group to immediately begin a search for his successor.

Quintis

Matthys takes on Quintis CEO role

Fraser Beattie Fraser Beattie
31 Mar 2017

Former BHP Billiton executive Julius Matthys has been named interim chief executive of Quintis, after Frank Wilson resigned on Tuesday to plot a takeover of the Indian sandalwood producer.

Quintis

Wilson quits Quintis as takeover looms

Fraser Beattie Fraser Beattie
28 Mar 2017

An extraordinary twist has emerged in the Quintis saga, with founder and managing director Frank Wilson resigning to work with an unnamed overseas corporation that is planning a takeover proposal of the Perth-based Indian sandalwood producer.

Quintis

Quintis stands firm on ASX queries

Fraser Beattie Fraser Beattie
27 Mar 2017

Quintis temporarily put the brakes on its falling share price by entering into a trading halt this morning, as it compiled a lengthy response to queries raised by the ASX.

Agri-researchers testing growth

Matt Mckenzie Matt Mckenzie
27 Mar 2017

Agribusiness consultancy Kalyx Australia will pursue growth opportunities in horticulture research following its recent merger with Peracto WA, the local franchise of the Tasmania-based Peracto research brand.

Quintis

Quintis shares continue slide

Fraser Beattie Fraser Beattie
23 Mar 2017

Freshly renamed Indian sandalwood producer Quintis has suffered another share price slide, prompting a query from the ASX, following short-seller Glaucus Research Group’s scathing report into the Nedlands-based business yesterday.

Quintis

TFS rejects Ponzi claims

Fraser Beattie Fraser Beattie
22 Mar 2017

Indian sandalwood producer TFS Corporation has blasted US-based short-seller Glaucus Research Group for a scathing report which accused the Perth company of operating a Ponzi-like business structure.

Murdoch University

Murdoch to be part of $40m soil centre

Business News Business News
16 Mar 2017

Murdoch University has been named among 42 organisations across Australia charged with establishing a consortium to boost the nation’s agricultural sector.

Wellard

Hong Kong company onto Wellard register

Matt Mckenzie Matt Mckenzie
03 Mar 2017

A Hong Kong-based company has joined the share register of live export business Wellard International just days after Holmes a Court family entity Heytesbury Holdings took a stake.

Wellard

Heytesbury takes Wellard stake

Fraser Beattie Fraser Beattie
01 Mar 2017

The investment vehicle of Pakistani meat producer Tariq Butt has sold its remaining 9.5 per cent stake in Wellard to private company Heytesbury, at a premium to the listed agribusiness’s recent trading price.

Hancock Prospecting

Rinehart business to become state’s largest

Mark Beyer Mark Beyer
20 Feb 2017

Hancock Prospecting is poised to become Western Australia's biggest private company after a investment and acquisition spree in iron ore and agribusiness which is expected some time this year to push its revenue past that of the incumbent number one for the past 12 years, home builder BGC. A 2018 reranking appears certain following research for the Business News Private Companies list published today in a special report.

Barclay Wells

Roto-Gro up on ASX debut

Business News Business News
10 Feb 2017

Canadian hydroponics technology company Roto-Gro International has closed its first day of trading on the ASX, after completing a $3.6 million initial public offering managed by Perth-based Barclay Wells.

Graincorp

Historic Dingo Flour mill gets new owner

Fraser Beattie Fraser Beattie
31 Jan 2017

The iconic Dingo Flour mill in North Fremantle is coming under new ownership after Graincorp and Cargill Australia agreed to sell their Allied Mills Australia joint venture to private equity group Pacific Equity Partners.

Art Gallery of WA

Harvesting opportunity

Katie McDonald Katie McDonald
31 Jan 2017

An empty block cum ecological oasis in East Perth is providing opportunities for Perth's unemployed by meeting the demand for fresh produce.

SRG Corporate

Frost damage prompts insurance offering for grain growers

Mark Beyer Mark Beyer
23 Jan 2017

A local insurance broker and a data analytics specialist have teamed up to offer grain growers the same kind of cover as energy companies and construction projects.

Curtin University

Curtin facility grows grain research

Katie McDonald Katie McDonald
16 Jan 2017

A new agriculture research centre at Curtin University plans to tackle the $1.5 billion economic impact of crop disease in Australia. 

Pendulum Capital

$37m for SW water project

Mark Beyer Mark Beyer
13 Jan 2017

The state government has committed $37 million to an ambitious desalination and irrigation project in the South West that is led by Perth business executive Peter Fogarty and will cost an estimated $380 million.

CBH Group

CBH lifts surplus to $110m

Matt Mckenzie Matt Mckenzie
09 Jan 2017

Grain handler CBH Group has shaken off a soft performance in its downstream Interflour businesses to report a 10 per cent increase in its surplus to $110 million for the year to October, after 13.6 million tonnes were transported through its network.

Wellard

Wellard working on breached covenants

Matt Mckenzie Matt Mckenzie
03 Jan 2017

Livestock exporter Wellard has confirmed it has again breached banking covenants, and expects a loss for the first half of the 2017 financial year.

Consolidated Pastoral Company

Agribusinesses beef up numbers

Matt Mckenzie Matt Mckenzie
19 Dec 2016

A period of strong cattle prices has boosted Western Australia’s largest pastoral companies, with the state’s four biggest cattle-focused plays increasing revenue about 9 per cent to $1 billion in their most recent annual reports.

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