Papua New Guinea’s watchdog has blocked the sale of Westpac’s
(ASX:WBC) Pacific businesses to Kina Securities. Given the outcome, Westpac will continue to operate these businesses. Shares in Westpac
(ASX:WBC) are trading 0.4 per cent higher at $25.75.
Cimic
(ASX:CIM) company UGL has won a government contract extension worth more than $100 million. UGL plans to build an extra 56 passenger rail cars in NSW. Shares in Cimic
(ASX:CIM) are trading 0.4 per cent lower at $21.16.
HomeCo Daily Needs
(ASX:HDN) has raised $88.3 million, and will use the funding to acquire six different properties. The acquisition will cost $222 million. The company will use debt funding to pay the balance. Shares in HomeCo Daily Needs
(ASX:HDN) are trading 3 per cent lower at $1.61.
Click on the ASX code for the full story.