Subiaco-based Lignor Ltd has signed a supply agreement with Melbourne-based ITC Ltd for 100,000 tonnes of immature blue gum logs per year, with an option to supply an additional 100,000 if required.
Western Australian-headquartered plantation timber manager ITC Group Ltd shares remain suspended from trading on the Australian Stock Exchange, ahead of an expected announcement next week, as takeover suitor Hatmore Pty Ltd increases its bid.
Futuris Corporation Ltd through subsidiary Hatmore Pty Ltd has announced an unconditional scrip/cash offer to increase its shareholding in its subsidiary, West Perth-based timber processor Integrated Tree Cropping Ltd.
AGRO-FORESTRY group ITC's capital raising of between $13 million and $15 million is more than a cosmetic effort to improve its appeal to foreign interests.
