Daily Roundup

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Telecom Malaysia to Deploy Activeport Technology

Activeport Group Ltd has secured a major contract to deliver its innovative software-defined network orchestration technology to Telekom Malaysia Berhad, the country's leading integrated telecommunications provider. This high-profile opportunity will see Activeport's cutting-edge software deployed to enable Telekom Malaysia's ambition to evolve into a global digital platform provider.

Telekom Malaysia is embarking on a transformative shift, aiming to digitise its customer journey and embed automation to achieve faster time to market, seamless service activation, and greater operational scalability. Activeport's software will be at the heart of this initiative, orchestrating a switch fabric across TM's core network and powering a new digital marketplace for the company's ethernet, internet, and cloud products.

Adisyn Completes Graphene R&D Program with IIA Approval

Adisyn Ltd has announced the successful completion of a key R&D program funded by the Israel Innovation Authority (IIA). The project, undertaken by Adisyn's 2D Generation subsidiary, focused on developing low-temperature graphene deposition techniques for next-generation semiconductors.

The IIA has approved the full A$520,000 grant, representing 50% of the total R$1.04 million project costs. This final A$100,000 payment, following a comprehensive technical and financial audit, is a strong endorsement of Adisyn's execution and the commercial potential of its proprietary graphene interconnect technology. With the recent delivery of a new ALD system, Adisyn is well-positioned to bridge the gap between scientific advancement and real-world semiconductor applications.

Horizon Oil Starts Production from New Infill Well

Horizon Oil Limited has commenced production from the A9H infill well in the Beibu Gulf, China. The well, drilled using the last slot on the WZ12-8W platform, has successfully intersected oil in both the primary U4 reservoir and the shallower, previously untapped U1 reservoir.

Initial production is testing the new U1 reservoir, with the well flowing at an impressive 372 barrels of oil per day (100 bopd net to Horizon). The high bottomhole pressure of 893 psi suggests the potential for increased output as water-cut develops. Horizon will book reserves consistent with its pre-drill estimate of 0.4 million barrels gross (0.1 million net).

Santos Receives Takeover Proposal from XRG Consortium

Santos Limited has received a non-binding, indicative proposal from a consortium led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company, to acquire all of the company's shares. The proposed cash offer price of US$5.76 (A$8.89) per share represents a significant premium of 28-44% to Santos' recent trading prices.

The Santos Board has agreed to provide the XRG Consortium with access to confidential information to conduct due diligence and negotiate a binding agreement, subject to acceptable terms. The Board intends to unanimously recommend the potential transaction to shareholders, in the absence of a superior proposal and pending an independent expert's conclusion that the deal is fair and reasonable.

Kip McGrath Appoints New CEO and MD

Kip McGrath Education Centres Limited has appointed Melinda Smith as its new Chief Executive Officer and Managing Director, effective in the second half of 2025. Ms. Smith brings a wealth of experience from senior roles in the childcare, retail, and government sectors, including at Goodstart Early Learning, the Australian Taxation Office, and Woolworths Limited.

The Board of Kip McGrath has been particularly impressed with Ms. Smith's leadership capabilities, customer focus, and alignment with the company's purpose and vision. Her appointment comes as the company prepares for the next stage of growth, including its 50th anniversary year in 2026. Current Executive Chair, Damian Banks, will step down from this role upon Ms. Smith's commencement and resume as Non-Executive Chair.