Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

Dongfang Modern receives $50 million loan

04 Jan 2018 - Chinese agriculture company Dongfang Modern (ASX:DFM) receives a term loan of HK$300 million, equivalent to AUD$50 million, with investment company China Huarong Maca…

Opthea starts diabetes complication treatment trial

03 Jan 2018 - Opthea, (ASX:OPT) a biopharmaceutical company that focuses on developing treatments for eye diseases, has commenced a trial to test the safety and efficacy of its tre…

iSignthis’ OTCapital now live

03 Jan 2018 - OTCapital, a payment service provided by payment processing company iSignthis, (ASX:ISX) is now processing live payments after completing integration of its services …

Dulux’s joint venture sells most of its portfolio in HK and China

03 Jan 2018 - Dulux Group’s (ASX:DLX) 51 per cent joint venture company DGL Camel International has entered into an agreement to sell most of its coatings portfolio in Hong Kong an…

IAG sets catastrophe reinsurance to $8 billion for 2018

03 Jan 2018 - Insurance Australia Group (IAG) (ASX:IAG) has finalised its catastrophe reinsurance program for the 2018 calendar year, setting this year’s cover for losses to up to …

Good start to the year: Aus shares to open higher

03 Jan 2018 - Market Outlook in 3 mins: The Dow closed 100 points up and the S&P 500 and Nasdaq both finished on record highs for the first trading day of the year. Payment company…

NEXTDC recommends ‘yes’ vote for APDC wind up

01 Jan 2018 - Technology company NEXTDC (ASX:NXT) is recommending that security holders in the Asia Pacific Data Centre Trust (APDC) vote in favour to wind up the trust at a meetin…

Range Resources pleased with Trinidad oil production

03 Jan 2018 - US-based oil and gas company Range Resources (ASX:RRS) reports positive oil production results at its recently drilled operations in Trinidad.

Future Fibre Technologies secures $500k

02 Jan 2018 - Fibre optic systems company Future Fibre Technologies (ASX:FFT) secures half a million dollars which will be used to protect more than 50 utility sub-stations in Indi…

Blackham Resources’ recapitalisation underway

02 Jan 2018 - Blackham Resources (ASX:BLK) has been granted an extension to 15 January 2018 by its lender Orion Fund to repay a loan as part of the company’s proposed recapitalisat…

First Growth Funds raises funds for blockchain

02 Jan 2018 - Investment company First Growth Funds (ASX:FGF) announces it will raise $3.45 million to expand into the blockchain sector.

Norwood partners with US investment bank

02 Jan 2018 - Telecommunications company Norwood (ASX:NOR) signs a contract with US-based investment bank JMP Securities covering the supply of all of Norwood’s enterprise service …

Pharmaxis gets PBS extension

02 Jan 2018 - Pharmaceutical research company Pharmaxis (ASX:PXS) announces it has achieved extended reimbursement of its cystic fibrosis drug on the government’s Pharmaceutical Be…

Global Energy Ventures completes sale of US assets

02 Jan 2018 - Natural gas company Global Energy Ventures (ASX:GEV) completes the sale of its remaining US assets after signing a purchase and sale agreement with oil and gas compan…

End of session losses: Aus shares to open lower

02 Jan 2018 - Market Outlook in 3 mins: Wall Street closed off the last trading session of the year on Friday in lower territory after a sudden sell off towards the end of the sess…

GetSwift partners with POS platform Toast

19 Dec 2017 - Software as a Service (SaaS) company GetSwift (ASX:GSW) signs a partnership agreement with a restaurant and hospitality point of sale (POS) platform Toast.

Bubs raises $15m in placement and $5m in SPP

19 Dec 2017 - Developer of infant nutrition products and baby formulas Bubs (ASX:BUB) raises $15 million in a capital raise as well as $5 million in its share purchase plan.

Helloworld Travel acquires Magellan Travel Group

19 Dec 2017 - Retail travel franchise Helloworld Travel (ASX:HLO) agrees to acquire travel agency Magellan Travel Group for $32.5 million.

eServGlobal to participate in HomeSend capital raise

19 Dec 2017 - Technology company eServGlobal (ASX:ESV) will participate in a €10 million capital raise by HomeSend – a global payments network it has a joint venture share in with …

Optimism on Wall St: Aus shares to open higher

19 Dec 2017 - Market Outlook in 3 mins: The US markets closed the day of trade in record territory, and Australia’s futures are up, indicating a positive day of trade today on the …

Capitol Health acquires clinic in Victoria

19 Dec 2017 - Diagnostic imaging healthcare company Capitol Health (ASX:CAJ) announces it has acquired the I-Rad Radiology clinic in Sunshine, Victoria, and confirms speculation th…

Monadelphous ends $11.5 million loan agreement

19 Dec 2017 - Engineering group Monadelphous (ASX:MND) announces that a binding agreement entered into with Chinese waste management company Xiaoqing Environmental Protection Techn…

AccorHotels to build Vicinity Centres luxury hotel

18 Dec 2017 - Retail property group Vicinity Centres (ASX:VCX) announces that Australia’s largest hotel operator AccorHotels Group has been appointed as the operator of a $130 mill…

Dexus announces $660 million asset valuation lift

18 Dec 2017 - Real estate group Dexus (ASX:DXS) announces the majority of its assets are valued at a total of $660 million, a 5.3 per cent increase on prior book values for the six…

Kogan to launch pet insurance

18 Dec 2017 - Online department store Kogan (ASX:KGN) announces it will launch a pet insurance arm in the second half of the financial year in partnership with PetSure, a wholly ow…

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