In response to a request from entities managed by Sandon Capital Pty Ltd (Sandon) (see TP25/32), the Panel has varied the Panel’s orders in Southern Cross Media Group Limited 02R & 03R (see TP24/06).

The Panel has received an application from Kinterra Capital GP Corp II in its capacity as general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP (Kinterra) in relation to the affairs of New World Resources Limited (NWC).

Details of the application, as submitted by the applicant, 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 made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 16 May 2025 by Wayburn Holdings Pty Ltd in relation to the affairs of Emu NL (see TP25/33).

Background

Emu is an ASX‑listed company (ASX code: EMU). On 23 January 2025, Emu received a section 249D notice from a group of shareholders (Requisitioning Shareholders) seeking to convene a general meeting to consider resolutions to:

The Panel has received an application from Mr Nicholas Bolton in relation to the affairs of Keybridge Capital Limited (ASX: KBC).

Details of the application, as submitted by the applicant, 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 review Panel has declined to conduct proceedings on an application dated 17 June 2025 from Yowie Group Ltd seeking a review of the Panel’s decision in Keybridge Capital Limited 17 (see TP25/043).

The Panel has made interim orders¹ in response to two applications from Keybridge Capital Limited (ASX: KBC) (Keybridge) dated 17 June 2025 – one in relation to the affairs of Yowie Group Ltd (ASX: YOW) (Yowie) and the other in relation to its own affairs.

In summary, the interim orders restrain Yowie from:

The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 2 June 2025 from Mayfield Childcare Limited (Mayfield) in relation to its affairs.

On 19 June 2025, the Panel received an application¹ from Kinterra Capital GP Corp. II in its capacity as general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP. (Kinterra) in relation to the affairs of New World Resources Limited (ASX: NWC) (NWC).

Details of the application, as submitted by Kinterra, are below.

The Panel has received two applications from Keybridge Capital Limited (ASX: KBC) (Keybridge) – one in relation to the affairs of Yowie Group Ltd (ASX: YOW) (Yowie) and the other in relation to its own affairs.

The Panel has received an application from Yowie Group Ltd (ASX: YOW) seeking a review of the Panel’s decision in Keybridge Capital Limited 17 (see TP25/043).

The President of the Panel has consented to the application for review under section 657EA(2) of the Corporations Act 2001 (Cth).

A review 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.