Multiplex Prime Property Fund 05 – Panel Publishes Reasons
The Panel today published the reasons for its decision on an application dated 13 March 2017 from Australian Style Holdings Pty Ltd.
Molopo Energy Limited - Panel Receives Application
The Panel has received an application from the Australian Securities and Investments Commission in relation to the affairs of Molopo Energy Limited.
Multiplex Prime Property Fund 05
Introduction
- The Panel, Lee Dewhirst, Andrew Lumsden and Vickki McFadden (sitting President) declined to give consent to vary undertakings in notices of appearance given in Panel applications in relation to the affairs of Multiplex Prime Property Fund.
- In these reasons, the following definitions apply.
- ASH
- Australian Style Holdings Pty Ltd
- ASI
- Australian Style Investments Pty Ltd (now known as ACN 109 510 198 Pty Ltd (in liquidation))
Spotless Group Holdings Limited - Panel Declines to Conduct Proceedings
The Panel has declined to conduct proceedings on an application dated 31 March 2017 from Spotless Group Holdings Limited in relation to its affairs.
MEC Resources Limited - Panel Receives Application
The Panel has received an application from Grandbridge Limited (ASX:GBA), Trandcorp Pty Ltd and Mr David Breeze in relation to the affairs of MEC Resources Limited (ASX:MMR).
Indiana Resources Limited - Panel Receives Application
The Panel has received an application from Indiana Resources Limited in relation to its affairs.
Spotless Group Holdings Limited - Panel Receives Application
The Panel has received an application from Spotless Group Holdings Limited in relation to its affairs.
ASIC and the Takeovers Panel announce updated Memorandum of Understanding
The Takeovers Panel's Director Allan Bulman and ASIC Commissioner John Price have announced the release of a new Memorandum of Understanding (MOU) between the Panel Executive and ASIC.
Appointment of Panel Members
The Takeovers Panel notes the announcement by the Minister for Revenue and Financial Services of the reappointment of 5 members and the appointment of 6 new members to the Panel, for terms of 3 years commencing on 23 March 2017.
Macmahon Holdings Limited
Introduction
- The Panel, Peter Day, Byron Koster (sitting President) and Karen Phin, declined to conduct proceedings on an application by CIMIC Group Investments Pty Limited and CIMIC Group Limited in relation to the affairs of Macmahon Holdings Limited. The application concerned an off-market takeover bid by CGI for Macmahon. The bidder submitted that certain disclosures by the target were potentially misleading.