Iress to raise $170 million for OneVue acquisition

Iress to raise $170 million for OneVue acquisition

Listed fintech Iress (ASX: IRE) will raise $170 million to strengthen its balance sheet and fund a proposed acquisition of funds management group OneVue (ASX: OVH). Of the $170 million, $107 million will be used to acquire OneVue at 40 cents cash per share, representing a 67 per cent premium to OneVue's last closing share price. I...

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Smiles Inclusive cash flow statement missed the mark by $1.1 million

Smiles Inclusive cash flow statement missed the mark by $1.1 million

The situation at Smiles Inclusive (ASX: SIL) has gone from bad to worse, with an amended quarterly cash flow statement showing the struggling Gold Coast-based dental company has much less cash than previously thought. With its shares already suspended from trading, a March quarter update released on 30 April claimed the company had net ca...

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Mesoblast emboldened by lung disease treatment results

Mesoblast emboldened by lung disease treatment results

Melbourne-based regenerative medicine company Mesoblast (ASX: MSB) has released positive results for the treatment of chronic lung disease, reinforcing management's hopes around a separate trial with severe COVID-19 patients.  A Phase 2 trial in the US involved intravenous doses of stem cell product remestemcel-L, rando...

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Vicinity Centres to raise $1.4 billion as asset values downgraded

Vicinity Centres to raise $1.4 billion as asset values downgraded

With shares up 78 per cent on nine-year lows after the COVID-19 pandemic struck, shopping centre owner-operator Vicinity Centres (ASX: VCX) plans to raise up to $1.4 billion to strengthen its balance sheet. The move follows a 11-13 per cent reduction in Vicinity's asset values, representing a drop of around $1.8-2.1 billion. ...

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Brisbane tech companies cosy up with strategic partnership

Brisbane tech companies cosy up with strategic partnership

Brisbane-based tech companies Over The Wire (ASX: OTW) and NEXTDC (ASX: NXT) have made things official today as they enter into a strategic partnership. Under the partnership OTW, a telecommunications and IT solutions provider, will migrate core elements of its network and private cloud infrastructure to NEXTDC's data centre facilitie...

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