The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia’s history, and will also stretch the market lead of investment bank UBS, according to research by Business News.
Perth technology company Velpic has enjoyed a strong debut on the ASX today, with its shares jumping 188 per cent above the pricing of its recent $4 million capital raising.
Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia’s largest.
Local explorer Dacian Gold has kicked off a $25 million capital raising to fund ongoing work at its Mt Morgans project near Laverton, where it hopes to start construction in 2017.
Engineering firm RCR Tomlinson has secured new contracts worth a combined $100 million, including $48 million in water infrastructure projects in Western Australia.
Perth company Minemakers has struck a deal with an African investor that will deliver new funding of $28 million for its Baobab phosphate project in Senegal.
An independent expert’s report commissioned by Aspen Group has concluded that its takeover of the Aspen Parks Property Fund is fair and reasonable and superior to a competing proposal.
Perth companies Valmec and Northern Minerals have struck agreements to raise up to a combined $8.2 million through the issue of convertible securities.
Balcatta-based Orbital Corporation has sold its stake in engine management systems supplier Synerject to partner Continental Automotive Systems for $US17.8 million ($A24.9 million).
Santos and Quadrant Energy have signed a deal for the sale of the Stag oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $US50 million ($A70 million).
A joint venture between UGL and UK company Cape has won a contract to provide services to the Woodside Petroleum-operated Karratha gas plant for an undisclosed sum.
The ownership of railways and stevedoring operations across Australia has been thrown into further doubt after logistics group Qube Holdings revealed plans for a break-up of Asciano, after teaming up with two big international investors to acquire a 19.9 per cent stake in the takeover target.
Norwegian company Yara International has moved to full ownership of the giant ammonia plant built by Pankaj Oswal in the Pilbara, paying a price that reflects the expected impact of higher gas prices in future.
Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.
Local explorer Black Rock Mining has received firm commitments for a $5 million capital raising, including from an entity associated with its chairman, Stephen Copulos.