A voting update released today suggests scheme of arrangement for Comvita unlikely to clear 75% approval hurdle.
Australian banks are highly exposed to the housing market. Yet despite tightening credit growth, the sector’s profits are largely in line with the past decade.
The ASX-listed Bapcor runs 1100 automotive stores in Australia and New Zealand across the Autobarn, Autopro, and Burson brands.
A shareholder group is investing up to $3m to keep medicinal company going after creditors voted in favour of deed of company arrangement.
The company wants constitutional amendments to restrict share transfers that would otherwise jeopardise shareholder continuity requirements for the use of tax losses.
Stock falls as much as 22% after casino operator cans dividends until 2026 and cuts profit outlook.
The division’s underlying ebitda will be positively affected by the orchard purchases.
Casino operator seeks to protect debt covenant headroom as market conditions weaken.
The debt-burdened milk processor has a shareholder loan and says it is working on an equity raise, but it won't be enough, says a Forbar note.
Deal with lenders places potential restrictions on dividend payments.