Daily Roundup

BDT.ASX URF.ASX WTL.ASX DSE.ASX FOS.ASX

Birddog Technology Ltd Pauses Trading

Birddog Technology Ltd, a company listed on the Australian Securities Exchange (ASX), has announced a temporary pause in trading of its securities. The announcement, released on April 3, 2025, states that trading in the company's shares will be temporarily halted pending a further announcement. No specific reason has been provided for the trading pause, leaving investors and the market waiting for the company's next update to understand the context and implications.

BirdDog Technology Ltd Requests Trading Halt

In a related development, BirdDog Technology Ltd (ASX: BDT) has requested a trading halt in its ordinary shares. The halt will remain in place until the earlier of the market open on April 8, 2025, or the release of an announcement regarding an application to be removed from the official list of the ASX. The company expects to make this announcement before the market opens on April 8.

US Masters Residential Property Fund Announces On-Market Buy-Back

Turning to a different company, US Masters Residential Property Fund (ASX: URF) has announced an on-market buy-back of up to 172,720,501 fully paid units, representing approximately 25% of the total units on issue. The buy-back is subject to security holder approval at a meeting scheduled for April 3, 2025. If approved, the buy-back will commence on April 4, 2025, and is expected to end on April 2, 2026.

WT Financial Group Announces First 'Hubco' Formation Plans

WT Financial Group Limited (ASX: WTL) has announced the formation of a new consolidated entity, "Hubco1," through a joint venture with Merchant Wealth Partners Pty Ltd. Hubco1 will bring together three leading financial advice firms - Titan Financial Planning, Darwin Financial & Retirement Services, and Wealth Connect Financial Services. The strategic capital from Investco will help drive Hubco's expansion while preserving the entrepreneurial spirit of each founding practice.

Dropsuite Ltd Declared Unacceptable Circumstances by Panel

Finally, the Takeovers Panel has made a declaration of unacceptable circumstances and final orders in relation to the affairs of Dropsuite Ltd (ASX: DSE). The Panel found that Dropsuite's largest shareholder, Topline Capital Management, contravened the substantial holder provisions by disposing of shares without timely disclosure, leading to ambiguity in the market about the level of support for Dropsuite's proposed scheme of arrangement with NinjaOne.