Brockman offer extended for last time - Wah Nam

China’s Wah Nam International has extended its takeover offer for ASX-listed Brockman Resources, warning that it was doing so for the last time. The takeover period has now been extended from the end of May until June 14, with Wah Nam holding...

Wah Nam extends Brockman offer

China’s Wah Nam International has extended its takeover of ASX-listed Brockman Resources until the end of May. The company was offering Brockman shareholders A$1.50 in cash as well as 18 Wah Nam International shares for every Brockman share held

Wah Nam raises cash to complete Brockman deal

China’s Wah Nam International would raise more than A$9.4-million through a subscription agreement with Ocean Line Holdings to fund the final stages of its takeover of ASX-listed Brockman Resources. Under the subscription agreement, Ocean Line...

FIRB clears Wah Nam takeover

Australia's Foreign Investment Review Board (FIRB) has given its approval for ASX-listed Wah Nam Australia’s takeover of fellow listed Brockman Resources. With the granting of FIRB approval, the takeover offer has been declared free of...

Tipper appointed as new CEO to Brockman

Iron-ore junior Brockman Resources has appointed Russell Tipper as CEO, effective from March 1. Tipper would join the Brockman board from fellow listed Aquila Resources, where he has been acting as GM for the iron-ore division for more than four...

Brockman directors back full Wah Nam takeover

The directors of iron-ore developers Brockman Resources on Monday recommended a proposed takeover offer from major shareholder Wah Nam. Wah Nam is offering A$1.50 in cash, along with 18 Wah Nam shares for each Brockman share, valuing the company...

EPA gives nod for 50Mt/y Port Hedland expansion

The Western Australian Environmental Protection Authority (EPA) has given the go-ahead for a 50-million-ton-a-year expansion at the Port Hedland port. The development of the multi-user facility was key to the expansion plans of proponent...

Wah Nam clears Brockman stables

The board of ASX-listed Brockman Resources has been significantly altered post the takeover by China’s Wah Nam International. Brockman this week reported that chairperson Barry Cusack has now resigned from the board, with Peter Luk appointed as...

Wah Nam nominees join Brockman board

Iron-ore developer Brockman Resources has appointed two Wah Nam-nominated directors to its board after the Chinese firm closed the unsolicited takeover offer with a 55.33% shareholding. Warren Beckwith and Hendriatio Tee have now joined the...

Wah Nam extends Brockman offer as it gains majority control

China’s Wah Nam on Monday gained majority shareholding in Brockman Resources, despite the ASX-listed company’s continued resistance against the takeover. Wah Nam said that it had gained a 51,99% majority interest in Brockman, extending its...

Brockman again urges shareholders to reject Wah Nam

Iron-ore junior Brockman Resources on Monday again urged shareholders to reject a takeover offer by China’s Wah Nam, despite that company declaring the offer unconditional. Hong Kong-based Wah Nam’s off-market takeover bid of 30 of its own...

FerrAus may reconsider Wah Nam offer

Emerging iron-ore developer FerrAus on Thursday told shareholders that it “may reconsider” its recommendations regarding a takeover from China’s Wah Nam, after that company waived its 90% acceptance condition. FerrAus said in a statement...