Search

Agribusiness

Wellard taps investors for $52 million

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.

Crane to retire as CBH boss

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.

Matthys takes on Quintis CEO role

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.

Wilson quits Quintis as takeover looms

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 stands firm on ASX queries

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

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 shares continue slide

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.

TFS rejects Ponzi claims

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 to be part of $40m soil centre

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

Hong Kong company onto Wellard register

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.

Heytesbury takes Wellard stake

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.

Rinehart business to become state’s largest

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.

Roto-Gro up on ASX debut

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.

Historic Dingo Flour mill gets new owner

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.

Harvesting opportunity

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

Frost damage prompts insurance offering for grain growers

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 facility grows grain research

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

$37m for SW water project

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 lifts surplus to $110m

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 working on breached covenants

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

Agribusinesses beef up numbers

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.

Pages