Bubs announces $40m share placement to support expansion into China

Bubs announces $40m share placement to support expansion into China

Shares in Bubs Australia Limited (ASX: BUB) have resumed trading after the infant formula producer announced a $40 million injection of fresh capital through an oversubscribed share placement. The fresh placement follows the recent announcement of a number of agreements with Australian and Chinese partners as part of the group's Chine...

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"Cyborg justice" for Meow-Meow in the District Court

"Cyborg justice" for Meow-Meow in the District Court

Sydney biohacker Meow-Ludo Disco Gamma Meow-Meow has officially won his plight for for "cyborg justice"  in the NSW District Court. Meow-Meow, who was fined after he implanted a NSW travel card chip into his arm, says "cyborg justice has been served" after a court overturned his conviction. The biohacker claim...

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ASIC launches legal proceedings against former Quintis managing director

ASIC launches legal proceedings against former Quintis managing director

Now defunct and previously ASX listed company Quintis is back in the firing line after ASIC announced it has launched legal proceedings against former Quintis managing director Frank Wilson. The corporate watchdog will allege that Wilson failed to discharge his duties as a director in 2017. The proceedings allege Wilson failed to disc...

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Biotech company Sirtex accepts $1.87b foreign takeover offer

Biotech company Sirtex accepts $1.87b foreign takeover offer

Australian biotechnology and medical device group Sirtex Medical (ASX: SRX) has agreed to a $1.87 billion takeover offer from Chinese company CDH Genetech. The listed Australian company says it has entered into a binding agreement with CDH to sell all its shares at $33.60 per share. Varian Medical Systems was previously bidding for Si...

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SCA Property Group sells four shopping centres into new $58m unlisted fund

SCA Property Group sells four shopping centres into new $58m unlisted fund

On the back of SCA Property Group's (ASX: SCP) successful unlisted retail fund strategy called SURF the company has launched the third iteration of SURF valued at $58 million. SURF 3 is currently raising funds to help acquire a portfolio of shopping centres on the east coast to form the new unlisted retail fund. SCA is looking for...

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Bubs enters into trading halt ahead of capital raising announcement

Bubs enters into trading halt ahead of capital raising announcement

After last week's news that Bubs Australia (ASX: BUB) is making a significant push into the Chinese market the company has entered into a trading halt on Thursday morning. The company says the trading halt has been requested pending an announcement by Bubs in relation to a capital raising. Last Friday the Australian infant milk fo...

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Aussie drone defence company lands historic deal in the Middle East

Aussie drone defence company lands historic deal in the Middle East

Sydney-based drone defence company DroneShield has completed the largest order in its history, selling a record number of its tactical DroneGun products to the Middle East. The deal, which is also reportedly the largest known order of its kind in the world, is worth $3.2 million and involves the sale of 70 DroneGun units to a classified a...

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Kogan shares plunge after sell off rumours ring true

Kogan shares plunge after sell off rumours ring true

Shares in online retailer Kogan.com (ASX: KGN) have slumped 25 per cent after rumours came true that founder Ruslan Kogan and his chief financial officer were set to offload a large piece of the company. Kogan and CFO David Shafer sold $42 million worth of KGN shares, believed to be six million shares at $7.00 each, and that they had &quo...

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Investa enters into $3.14b takeover agreement with Blackstone

Investa enters into $3.14b takeover agreement with Blackstone

Investa Office Fund (ASX: IOF) has confirmed it has entered into a takeover agreement worth $3.14 billion with US private equity group Blackstone.  After receiving the takeover proposal in early May 2018, the group, which operates some of the most high profile office buildings in Australia, has agreed to Blackstone's terms. U...

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Underwater drone maker scores landmark deal with US Navy

Underwater drone maker scores landmark deal with US Navy

ASX-listed underwater drone manufacturer Aquabotix (ASX: UUV) has entered into an agreement with a major United States defence division which could help change the face of modern naval warfare. Aquabotix signed the cooperative research and development agreement with the US Naval Undersea Warfare Center to test its SwarmDiver product at th...

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APA the target of $13b Chinese takeover

APA the target of $13b Chinese takeover

APA Group (ASX: APA) has opened its books up to a group from China which has offered $13 billion to take over the Australian company. The Australian energy giant says it has granted due diligence to a consortium led by CK Infrastructure Holdings (CKI) following a proposed cash offer of $11 per stapled security. APA holds several key a...

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Creso Pharma scores licence to grow cannabis in Colombia

Creso Pharma scores licence to grow cannabis in Colombia

A subsidiary of Australian cannabis company Creso Pharma (ASX: CPH) has been granted a pivotal licence to grow medicinal cannabis in Colombia. Creso, through Kunna Canada, has been granted a licence to cultivate medicinal cannabis in Colombia, following the receipt of licenses required to produce, manufacture, market and export cannabis d...

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College of Law acquires legal education provider CPD Interactive

College of Law acquires legal education provider CPD Interactive

In a move to strengthen its online offering, The College of Law has acquired the business operations of CPD Interactive.  CPD Interactive is an online provider of legal education and professional development and through its acquisition, The College of Law now has access to more than 120 courses facilitated through its platform. S...

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AMP drops off ASX top 20 index

AMP drops off ASX top 20 index

After weeks of bad news, embattled financial services provider AMP has dropped off the top 20 list of ASX listed companies. The company, which has gone through the wringer over the last month, is no longer one of the 20 largest companies on the Australian Securities Exchange, instead being replaced on the list by global packaging company ...

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Bubs signs major deal with leading Chinese e-commerce platform

Bubs signs major deal with leading Chinese e-commerce platform

Bubs Australia (ASX: BUB) has partnered with leading Chinese e-commerce platform Alibaba to sell its products on the Tmall Global store. Alibaba has 580 million monthly users across its different apps, with mother and baby products the second largest category on Alibaba, spearheaded by infant formula. Bubs expects the Global Merchandi...

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AusCann joint venture completes second cannabis harvest in Chile

AusCann joint venture completes second cannabis harvest in Chile

Listed medicinal cannabis company AusCann (ASX: AC8) has completed its second harvest with DayaCann joint venture partner Fundación Daya in Chile. The second harvest proved to be even more fruitful than the first, yielding 620kg of dried cannabis product, an increase of over 50 per cent on the 400kg yielded in the first harvest. ...

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Why AI could be an entrepreneur's best investment

Why AI could be an entrepreneur's best investment

It's easy to be swayed by doom and gloom headlines questioning whether artificial intelligence (AI) will soon replace certain human jobs for good, or, more outlandishly, become a sentient cause for concern. Thanks Terminator. Realistically however, entrepreneurs and professionals in the IT space agree that AI has inspired some of the ...

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Slater and Gordon becomes fourth law firm to take on AMP in class action

Slater and Gordon becomes fourth law firm to take on AMP in class action

AMP (ASX: AMP) has been hit with a fourth shareholder class action, this time by Slater and Gordon. Slater and Gordon says it has filed proceedings against the wealth management business in the Federal Court of Australia, adding that it will act on a no-win, no-fee basis. The class action relates to the controversy that arose during t...

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Metcash reveals $352m hit to business, predicts full year loss

Metcash reveals $352m hit to business, predicts full year loss

Grocery wholesaler Metcash (ASX: MTS) is expecting a greater-than-expected $352 million hit to its business and a full year loss after it lost a key customer in South Australia. Last week Metcash, which supplies the IGA and Foodland supermarkets, announced that Drakes Supermarkets would no longer be a customer after June 2019. Metcash...

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Criminal cartel charges laid against ANZ, Citigroup and Deutsche Bank

Criminal cartel charges laid against ANZ, Citigroup and Deutsche Bank

The Australian Competition and Consumer Commission has confirmed that charges have been laid against ANZ, Citigroup and Deutshe Bank. Following an investigation into alleged cartel conduct by the banks relating to an ANZ institutional share placement in August 2015, the watchdog has hit the banks and  senior executives with criminal ...

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Listed cannabis group scores major deal with Good Price wholesaler

Listed cannabis group scores major deal with Good Price wholesaler

Bod Australia Limited (ASX: BDA) has signed an agreement with a leading Australian pharmacy wholesaler, Symbion, to service major Aussie pharmacies. Under the agreement, Symbion will stock Bod's range of natural medicines and pregnancy supplements. Symbion is one of Australia's leading pharmacy wholesalers, servicing over 3,50...

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CBA settles anti-money laundering case for $700m

CBA settles anti-money laundering case for $700m

Commonwealth Bank has agreed to pay $700 million to the anti-money laundering regulator after it admitted to breaching the law on more than 50,000 separate occasions. CBA settled its anti-money laundering and counter-terrorism case brought by AUSTRAC and also agreed to pay $2.5 million in legal fees although the agreement still needs Fede...

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More banks facing criminal charges in relation to ANZ cartel investigation

More banks facing criminal charges in relation to ANZ cartel investigation

The Australian Competition and Consumer Commission has confirmed that Deutsche Bank and Citibank will also face criminal charges in relation to alleged cartel conduct by ANZ Bank (ASX: ANZ). The ACCC confirmed on Friday afternoon that Deutsche Bank AG is also facing criminal charges in relation to the share placement. Investments bank...

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Criminal charges to be laid against ANZ for cartel conduct

Criminal charges to be laid against ANZ for cartel conduct

One of Australia's largest banks is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement in 2015. ANZ (ASX: ANZ) is facing charges by the Commonwealth Director of Public Prosecutions over an alleged arrangement of understanding between the joint lead managers of the institutional placement of 8...

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Wearable tech company expands into major Japanese retail stores

Wearable tech company expands into major Japanese retail stores

Listed tech company Nuheara Limited (ASX: NUH) has announced the launch of its products in major Japanese consumer electronic stores. At an exclusive media event held in Tokyo, Japan, Nuheara announced its IQbuds and IQbuds BOOST products will be sold in most major electronics stores in Japan. The company signed an agreement with Valu...

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Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security hit with $740,000 penalty for failing to provide services in WA

Wilson Security has been ordered to refund 320 West Australian customers after it charged for security patrols that were not provided. Wilson was found to have breached Australian Consumer Law and was ordered to pay a total refund bill of $740,000. The company was contracted to provide internal premise security patrols for 320 co...

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From phonebooks to Google's front page: how Localsearch thrived in the digital era

From phonebooks to Google's front page: how Localsearch thrived in the digital era

For years, online marketers have warned "change is imminent" as mobile becomes dominant, taking over traditional advertising platforms like desktop searches and print media. On the other hand, Daniel Stoten of Localsearch says the tipping point has already come. Localsearch began as a phonebook publisher to help connect the ...

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Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

Know your numbers or you're in deep trouble: Shark Tank's Janine Allis on startup mistakes

She's a former backpacker who once worked on David Bowie's yacht and if you went back in time to before 2000 and asked Janine Allis whether she'd one day be in charge of a multi-million dollar international business and the young Janine would have probably told you to lay off the alternative substances. The Boost Juice founder...

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eBay takes on Australian retailers and Amazon with unlimited delivery plan

eBay takes on Australian retailers and Amazon with unlimited delivery plan

Online retail behemoth eBay is set take on rival Amazon with a new shopping membership program for Australian online shoppers. The arrival of eBay Plus is also expected to provide further upheaval for Australia's struggling "bricks and mortar" retailers with shoppers to be given unlimited  deliveries and returns on new ...

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Investa board to recommend $3.1b Blackstone takeover offer

Investa board to recommend $3.1b Blackstone takeover offer

US property giant and private equity company Blackstone has lobbed a $3.1 billion cash bid for Investa Office Fund (ASX: IOF), sending its shares up by more than 10 per cent. IOF, which controls some of Australia's most high-profile office towers, says it intends to recommend the takeover to its shareholders. The company says Blac...

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