Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems, according to a Friday filing with the Australian bourse.
The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031, the filing said.
The transaction, to be funded from internally generated cashflows, is expected to be completed before the end of June, per the filing.
Financial terms were not disclosed.
Tungsten Mining (ASX:TGN) started reverse circulation drilling at the Mt Mulgine project in Western Australia to test the Mulgine Trench exploration target, according to a Friday filing with the Australian bourse.Initial assay results are expected after about six weeks, the filing said.Additionally, a planned diamond drilling will collect material for metallurgical test work and secure geotechnical data for pit designs, per the filing.
Cygnus Metals' (ASX:CY5) AU$232 million acquisition by Central Asia Metals is overall positive for shareholders, providing exposure to a more liquid and cashflow-positive London-listed metals producer, Euroz Hartelys said in a note on Thursday.Under the deal, existing Central Asia Metals shareholders will own about 70% of the company's enlarged fully diluted issued share capital, while Cygnus shareholders will own the remaining 30%, according to a late Tuesday filing with the Australian bourse.The investment firm said there is a possibility another bidder could emerge due to recent merger and acquisition activity in the region, which could boost the current takeover price of AU$0.176.Euroz Hartleys maintained its speculative buy rating and lowered its price target to AU$0.17 from AU$0.53, levelling it with the bid price.
Monadelphous Group (ASX:MND) secured a major engineering and construction contract valued at around AU$380 million from CS Energy to deliver works on the Brigalow Peaking Power Plant near Chinchilla in Queensland, according to a Friday filing with the Australian bourse.The scope covers balance-of-plant construction and installation of 12 aeroderivative gas turbine generator units totaling 400 megawatts, plus engineering and design of minor packages, per the filing.Work is set to begin in the second half of the year and is expected to be completed by early 2029, the filing said.The facility will provide peak power for over 150,000 homes, strengthen grid reliability alongside renewables, and support up to 300 construction jobs while supporting local employment and supply chains, the filing added.