Daily Roundup

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4DMedical's CT:VQ wins TGA approval, paving the way for Australian rollout

Medical imaging company 4DMedical has secured Therapeutic Goods Administration approval for its CT:VQ technology, a non-contrast ventilation-perfusion imaging solution that works with existing CT infrastructure. The approval means the software can now be deployed across Australia, where the high density of CT scanners positions the country for rapid nationwide adoption. The company is eyeing CT:VQ as the new standard for functional lung assessment globally and plans to pursue Medicare Benefits Schedule reimbursement through an application to the Medical Services Advisory Committee.

Energy sector sees major deal activity

In the energy space, HMC Capital has cleared a significant regulatory hurdle for its partnership with KKR. The Australian Competition and Consumer Commission and Foreign Investment Review Board have both approved the deal, with financial close expected around 30 June 2026. KKR-managed funds will pump up to $603 million into HMC's energy platform, which will be rebranded as Illuma Energy following the transaction. HMC will pocket a $35 million establishment fee this financial year plus roughly $7 million annually in recurring fees, while its own invested capital in the platform drops to approximately $190 million.

Meanwhile, Horizon Oil has wrapped up its acquisition of Echelon's stake in Cue Energy Resources, securing 139.9 million shares worth about 19.9% of Cue. Combined with its existing holdings, Horizon now controls 57.06% of Cue. Eligible shareholders who accepted the takeover offer will receive their consideration by 2 July 2026. CEO Richard Beament expressed enthusiasm about moving forward with integrating Cue's operations.

Construction and services sector gains momentum

NRW Holdings' subsidiary Golding Contractors has landed two major contracts that will support significant employment. A $150 million equipment hire and services agreement with OneSteel at the South Middleback Ranges in South Australia will maintain around 60 jobs over three years. Separately, Golding won a contract from Anglo American to build a 10.8-kilometre rail diversion near Moranbah in Queensland, valued between $41 and $45 million, which will employ approximately 230 people through to March 2027.

SIV Capital faces listing hurdles

On a less positive note, SIV Capital has received a warning from the ASX flagging a significant risk that it will fail to meet listing rule requirements if it proceeds with its admission application. The company received the notice on 25 June and has immediately begun exploring alternative opportunities to address the regulatory concerns.