Deals

Australia has been cemented as China's top market for business transactions, with 32 deals being done since 2011, worth a total of $US11 billion, research released today says.

Beadell Resources has secured an additional $10 million in financing from Macquarie Bank as the company nears completion of construction of the processing plant at its Tucano gold mine in Brazil.

Shares in coal miner ZYL have jumped after it announced an $18 million financing arrangement for its Mbila and Kangwane Central projects in South Africa.

DuluxGroup says it will accelerate its payments to Alesco shareholders if they accept its $210 million takeover offer.

Global Construction Services has re-priced its $32 million capital raising at 60 cents per share, with managing director Enzo Gullotti saying the company could not have picked a worse time to go to

Shares in surfwear retailer Billabong are up by almost eight per cent after the company received a second takeover offer.

Medical research firm Avita Medical has announced a proposal to raise up to $10 million, with Octa Phillip Bioscience Managers committing to tip in $3 million.

Construction group Global Construction Services has announced a $32.1 million capital raising plan to reduce its debts and provide additional capital to achieve a 20 per cent growth target over the

Telstra Corporation has offloaded responsibility for its problem child TradingPost business to online classifieds operator Carsales.com.

MacPhersons Resources has raised an additional $4 million for exploration at its Nimbus silver project near Kalgoorlie, following on from securing an $8.6 million investment from USA-based RK Mine

Schools supplier Campion Education has agreed to purchase the stock of one-time market leader Wooldridges, bringing to an end any hopes of reviving the Wooldridges business and delivering a return

Shares in Terranova Minerals shot up on the ASX today, after the Perth-based exploration company announced the acquisition of the 3 million ounce Manica gold project in Mozambique in a cash and scr

Perth-based gold play Strickland Resources is repositioning itself as a Brazil-focused exploration company, after announcing the acquisition of Orinoco Resources and launching a $2.7 million capita

Sumatra Copper & Gold has raised $3.78 million through a share placement, with Australian investment house Provident Capital Partners emerging as a cornerstone investor.

DuluxGroup has threatened to walk away from takeover talks with Alesco Corporation if the target company does not agree to resolve a dispute over the size of dividends in the deal.

Ausdrill has completed its acquisition of the Best Tractor Parts Group, announcing today it has agreed to pay $165 million for the earthmoving and tractor equipment retailer.

Shares in Sundance Resources have shot up by more than 11 per cent after it accepted a reduced takeover offer from China's Hanlong Mining.

Southern Cross Goldfields has launched a $5.2 million capital raising it says will underpin its transition from gold explorer to producer.

International chemicals and materials giant Rockwood Holdings has announced it will acquire Perth-based Talison Lithium in an all cash takeover worth C$724 million ($698 million).

Diversified investment house Washington H Soul Pattinson has launched a near-$70 million all-cash takeover bid for Perth-based exploration junior Exco Resources.

Perth-based car dealer network Automotive Holdings Group is flexing its muscles in Australia's truck and bus market, announcing a number of acquisitions in NSW and Queensland.

Fresh from entering a strategic partnership with BC Iron, Cleveland Mining has completed a $10.7 million share placement.

Sabre Resources has raised $8 million to expand drilling programmes at its Guchab copper prospect in Namibia.

Doray Minerals has bought out its minority partner in the Andy Well gold project in a scrip and cash offer worth $14 milion.

Liontown Resources has announced a $3.4 million capital raising to fund fast-tracked exploration drilling at its Jubilee Reef gold project in Tanzania.

Ventnor Resources has announced a $4 million share placement to advance drilling programs at its Thaduna/Green Dragon copper project near Meekatharra.

Navigator Resources has been left high and dry by its potential white-knight, with Singapore-based investment house LionGold Corporation deciding not to make a formal takeover proposal for the emba

Gindalbie Metals has secured an additional $US250 million in financing required to complete construction of its Karara iron ore project in the Mid West.

Shares in Hastings Diversified Utilities Fund (HDF) fell after Pipeline Partners Australia (PPA) Pty Ltd increased its cash offer for the fund by 10 cents to $2.43 per security.

Venture Minerals has lined up $17 million in new capital to fund its Livingstone and Riley direct shipping iron ore projects in Tasmania to production, with magnate Dale Elphinstone's private compa

Sirius Resources is capitalising on its recent Nova nickel discovery, launching a $7.6 million capital raising plan to fast track further exploratory drilling at the deposit.

Shares in DuluxGroup and its takeover target Alesco have been placed in a trading halt as the pair continue talks over the paintmaker's $210 million offer.