The Panel has received an application from Grant David Jopling1, Edward Fraser Hesket Youds, Explorer Corporation Pty Ltd & Chun Kei Leung in relation to the affairs of Duxton Farms Ltd (ASX: DBF) (Duxton Farms).
Details of the application, as submitted by the applicants, are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 9 July 2025 from Bryah Resources Limited (Bryah) in relation to its affairs.
The Panel has received an application from Dronkay Pty Ltd in relation to the affairs of Emu NL.
Details of the application, as submitted by the applicant (drawing also on publicly available information), are below.
A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.
Emu is a precious and base metals explorer listed on ASX.
The applicant is a shareholder of Emu.
The Panel has declined to conduct proceedings on an application dated 20 August 2025 from WM Clough Pty Ltd in relation to the affairs of Twinza Oil Limited (Receivers and Managers Appointed) (Twinza).
The application concerned a creditors’ scheme of arrangement (Scheme) as a result of which certain of Twinza’s senior creditors would hold 85 per cent of Twinza’s shares (see TP25/75).
The Panel has declined to conduct proceedings on an application dated 2 September 2025 from Elanor Funds Management Limited (EFM) as responsible entity of Elanor Commercial Property Fund (ECF) in relation to the affairs of ECF.
ECF is subject to an off-market takeover bid by LDR Assets Pty Ltd as trustee for the LDR Assets Trust (Lederer).
In its application, EFM submitted (among other things) that the bidder’s statement lodged by Lederer on 20 August 2025 contained material information deficiencies.