4 stories mentioning ASX:SHAUpdated 1h ago
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SHAPE Australia (ASX:SHA) completed its acquisition of retail shop-fitting business Australian Professional Shopfitters, according to a Wednesday filing with the Australian bourse.The deal was disclosed in May and "broadens our retail offering across flagship store delivery, national rollouts, refurbishments, and ongoing maintenance programs across Australia," said SHAPE CEO Peter Marix-Evans.
Australian shares are set to drop on Thursday as the major Wall Street indices reached new records on fractional gains.Overnight, the S&P 500 and the Nasdaq Composite rose just 0.02% and 0.1%, respectively, reaching new record highs, while the Dow Jones Industrial Average rose 0.4%.Brent crude oil futures traded under $95 per barrel as investors await developments around a potential US-Iran peace deal.In the macroeconomy, Australia's consumer price index rose 4.2% in the 12 months to April, down from a 4.6% increase in the year to March, the Australian Bureau of Statistics reported Wednesday. Trimmed mean inflation came in at 3.4% in the 12 months to April, up from 3.3% in the year to March.The monthly household spending indicator data is expected to be released at 9:30 am Sydney time.In corporate news, HealthCo Healthcare and Wellness REIT (ASX:HCW) said the Unlisted Healthcare Fund and troubled hospital operator Healthscope reached an agreement with Bethesda Health Care for the Mount Private Hospital in Western Australia.Shape Australia (ASX:SHA) agreed to acquire Australian Professional Shopfitters from Handa Manufacturing for up to AU$29.4 million.Forrestania Resources (ASX:FRS) identified high-grade gold mineralization during a recent drilling at its Lady Lila gold project in Western Australia. The results were up to 21 meters at 2.5 grams per tonne gold from 21 meters, including one meter at 15.9 grams per tonne gold from 21 meters.Australia's benchmark S&P/ASX 200 Index increased by 0.7%, or 59.9 points, to close at 8,717.70 on Wednesday.
SHAPE Australia (ASX:SHA) agreed to acquire Australian Professional Shopfitters from Handa Manufacturing for up to AU$29.4 million, according to a Thursday filing with the Australian bourse.The transaction includes an upfront consideration of AU$20.4 million and up to AU$9 million in contingent consideration over a two-year earn-out period, the filing said.Consideration and transaction costs for the acquisition will be funded through cash and scrip, per the filing.
SHAPE Australia (ASX:SHA) secured project wins of more than AU$1.16 billion for the year ended April 30, up on last year's AU$981.6 million, according to a Tuesday filing with the Australian bourse.The company recorded modular revenue of over AU$63 million, more than double the fiscal 2025 result of AU$30.6 million, the filing said.Fiscal-year revenue is expected to be between AU$1.18 billion and AU$1.23 billion, up nearly 23% compared with last year's actual revenue of AU$956.9 million, per the filing.
