Keybridge Capital Ltd Faces Unwelcome Takeover Bid from Yowie Group

On Friday, May 16, 2025, Keybridge Capital Ltd (ASX: KBC), a prominent player in the capital markets sector based in Sydney, Australia, announced that it is the target of an unwelcome off-market takeover bid from its subsidiary, Yowie Group Ltd (ASX: YOW). The company has advised shareholders to take no action in response to this bid.

Keybridge Capital Ltd, with an asset base in structured finance transactions including leasing, infrastructure, property, and fixed income, has a market capitalization of 10,003,375 AUD. As of May 13, 2025, the company’s share price closed at 0.047 AUD, with a 52-week high of 0.065 AUD on August 18, 2024, and a low of 0.046 AUD on August 19, 2024.

Change in Substantial Holding

In related news, Keybridge Capital Ltd reported a change in its substantial holding in Yowie Group Ltd on May 12, 2025. This change was notified to Yowie Group Ltd, with the previous notice having been issued on April 29, 2024. The details of the substantial holder, Keybridge Capital Ltd, were updated accordingly.

Dispute Over Application Authority

Earlier, on May 14, 2025, the Takeovers Panel received an application from Keybridge Capital Ltd concerning the affairs of Yowie Group Ltd. However, Mr. Nicholas Bolton, the Chief Executive Officer of Keybridge, stated that he did not authorize the application and disputed Keybridge’s authority to make it. The Panel has yet to convene a sitting to address this matter.

These developments have stirred the financial markets, with Keybridge Capital Ltd maintaining its stance of advising shareholders to take no action regarding the takeover bid. The situation remains fluid as further details and decisions are anticipated in the coming days.