Daily Roundup

Wednesday, 17th December 2025
Last updated: 21:00 | Max Version 🚀

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Credit Corp Proposes to Acquire Humm Group

Credit Corp Group Limited has submitted a confidential, conditional, non-binding indicative proposal to acquire 100% of Humm Group Limited. The proposal is subject to Credit Corp being granted access to due diligence information, which has not yet been provided. Credit Corp confirms that there is no certainty a transaction will eventuate, and it will update shareholders as appropriate.

Separately, Humm Group Limited has received a notice from shareholders intending to remove three of its directors. Humm has also received a non-binding indicative proposal from Credit Corp to acquire the company, with a proposed scheme of arrangement at $0.77 per share or an off-market takeover at $0.72 per share. Humm's board is carefully evaluating Credit Corp's proposal and is prepared to work constructively to see if a deal can be developed that it is willing to recommend to shareholders.

Freightways Group Acquires VT Freight Express

Freightways Group Limited has entered an agreement to acquire the business and assets of VT Freight Express Pty Ltd, an Australian express delivery company, for A$71 million. VT Freight Express recorded A$77 million in revenue in the 12 months to October 2025, and the acquisition is expected to be 6% earnings per share accretive to Freightways from the first year. The transaction will build Freightways' presence and capability in the Australian express market, complementing its existing Allied Express B2C business.

Telix Provides Update on ProstACT Global Phase 3 Study

Telix Pharmaceuticals Limited has provided an update on the status of the ProstACT Global Phase 3 study of its lead prostate cancer therapy candidate TLX591. The company has completed patient enrolment into Part 1 of the study, a safety and dosimetry lead-in, and is preparing to present the data to the FDA to enable the expansion into Part 2 of the trial. Part 2 of the study has been initiated in several countries, including Australia, New Zealand, Canada, China, Singapore, Türkiye, the United Kingdom, South Korea and Japan.

Lindian Optimises Process Plant, Appoints Obsideo as D&C Contractor

Lindian Resources Limited has optimised the process plant design for its Kangankunde Rare Earths Project in Malawi, delivering a 25% increase in ore processing capacity. The project's NPV8 (Pre-Tax) has increased by 45% to A$1,725 million, and annual EBITDA by 38% to A$171 million. Lindian has also appointed Obsideo as the Design & Construct contractor for the processing infrastructure, based on the company's strong technical expertise and proven delivery of mineral separation projects.