In Brief: 29 March 2010 – BOQ, ASX, SDM
March 29, 2010
Bank of Queensland Limited (BOQ) said it has signed an exclusivity agreement to conduct due diligence for the potential purchase of CIT Group Australia and New Zealand’s vendor finance business. The company said due diligence is significantly progressed but incomplete and there is no guarantee a transaction would occur.
ASX Limited (ASX) said based on activity levels in the early weeks of the second half of FY10, it is optimistic about its business growth prospects for the balance of the year. The company said this was as long global ‘headwinds’ don’t dampen the recovery strength of the domestic economy, or trigger a second round of aftershocks in the global banking system.
Sedgman Limited (SDM) said work has resumed at the Bocamina Coal Handling Plant (CHP) project in Chile following the recent severe earthquake. The company said the project remains subject to the force majeure notice issued to Sedgman’s client Tecnimont Chile on March 1, 2010 and announced to the market the same day. Sedgman said personnel had formally recommenced works and started undertaking repairs after the site had been inspected and assessed as safe. The company said the potential impacts as a result of the earthquake are still being assessed in anticipation of further ongoing delays due to widespread damage to essential transport infrastructure and disruption to supporting supply chains.
ASX Limited (ASX) said based on activity levels in the early weeks of the second half of FY10, it is optimistic about its business growth prospects for the balance of the year. The company said this was as long global ‘headwinds’ don’t dampen the recovery strength of the domestic economy, or trigger a second round of aftershocks in the global banking system.
Sedgman Limited (SDM) said work has resumed at the Bocamina Coal Handling Plant (CHP) project in Chile following the recent severe earthquake. The company said the project remains subject to the force majeure notice issued to Sedgman’s client Tecnimont Chile on March 1, 2010 and announced to the market the same day. Sedgman said personnel had formally recommenced works and started undertaking repairs after the site had been inspected and assessed as safe. The company said the potential impacts as a result of the earthquake are still being assessed in anticipation of further ongoing delays due to widespread damage to essential transport infrastructure and disruption to supporting supply chains.
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