PRE-MARKET AUSTRALIAN AND SOUTH KOREAN STOCKS NEWS: Perpetual (PPT AT) rejected EQT AB’s revised best-and-final proposal of AUD 22.50/shr, Telix Pharmaceuticals (TLX AT) agreed to acquire Germany's ITM Isotope Technologies for approximately USD 1.65bln
Perpetual and Ingenia rejected takeover offers, Telix agreed to a USD 1.65 billion acquisition, and Australian and South Korean companies reported operational updates and strategic initiatives.
News detail
AUSTRALIA Ingenia Communities Group (INA AT) - Co. rejected Warburg Pincus’ improved AUD 5.05/security cash takeover proposal, up from AUD 4.75/security, saying the revised indicative proposal substantially undervalues the Co. (Dow Jones Newswires) Netwealth Group (NWL AT) - Co. acknowledged a potential class action alleging breaches of duties relating to certain First Guardian investment options, noting no proceeding has been filed and it is reviewing the proposed claim. (Dow Jones Newswires) Perpetual (PPT AT) - Co. rejected EQT AB’s revised best-and-final proposal of AUD 22.50/shr, unadjusted for a dividend of up to AUD 0.60/shr, saying it undervalues the Co. and that engagement with EQT has concluded. (Dow Jones Newswires) PEXA Group (PXA AT) - A draft NSW parliamentary inquiry report is expected to conclude that the Co. and major Australian banks deliberately hindered efforts to increase competition in the property title transfer market, including attempts by ASX-backed rival Sympli to access PEXA’s systems. (AFR) Ramelius Resources (RMS AT) - Co. expects FY27 gold output of 205k-225k oz at AISC of AUD 2,150-2,350/oz, forecasts FY30 output of 560k-610k oz at AISC of AUD 2,100-2,400/oz, with FY30 production 11% above its October 2025 plan, while FY27 growth capex is expected at AUD 480mln-570mln and the Mt. Magnet plant is expected to cost AUD 280mln (prev. AUD 223mln). (Dow Jones Newswires) Ramsay Health Care (RHC AT) - Co. warned that lower margins are making it more difficult to invest in hospital upgrades and modernisation as it pushes the Australian government to reconsider how insurers and providers negotiate funding. (AFR) Resolute Mining (RSG AT) - Co. now expects 2026 Syama gold output of 150k-160k oz and group gold output of 205k-225k oz after Syama output remained below plan due to challenging conditions impacting underground and open-pit mining and sulfide processing, while operational activities across the rest of the business remain on track. (Dow Jones Newswires) Telix Pharmaceuticals (TLX AT) - Co. agreed to acquire Germany's ITM Isotope Technologies for approximately USD 1.65bln. (Newswires) Property Australia’s real estate market remained subdued, with auction clearance rates declining last week amid rate hike concerns. (Newswires) Retail David Jones is fighting to retain its position as a luxury shopping destination as major high-end brands including Christian Dior, Gucci and Chanel exit key categories at the retailer. (AFR) Other News Australian Treasurer Chalmers warned that Australia’s economy faces serious risks as the population ages and grows more slowly, while also flagging fresh tax cuts and warning of “confronting” findings in the economic outlook. (Newswires/SMH) ASX (ASX AT) is set to launch the Secured Overnight Funding Index Australia (SOFIA) at the end of September, a new bond-market benchmark measuring the cost of borrowing secured against government bonds. (AFR) SOUTH KOREA Hyundai Motor (005380 KS) - Co. will launch the all-new Tucson SUV in South Korea next month as it expands its hybrid lineup. (Yonhap) Kia (000270 KS) - Co. said cumulative domestic EV sales have surpassed 100k units so far this year. (Yonhap) Korea Electric Power (015760 KS) - Co. will leave Q4 electricity rates unchanged. (Newswires) Samsung Electronics (005930 KS) - Co. held its eighth annual technology forum in the US to share its AI technologies and business strategies with global developers. (Yonhap) Tech Global semiconductor market is projected to exceed USD 1.6trln in 2026, more than 1.5 times the forecast made earlier this year, driven by increased investment in AI infrastructure. (Yonhap) Financials South Korea’s three internet-only banks saw lending to small-business owners rise more than 50% in H1 amid tighter household lending rules. (Yonhap)
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