Avenira Limited GEAR-Led Group Ceases Substantial Holding After Voting Power Falls to ~3.6%

Sonal Goyal

12 November 2026 12:51 PM AEDT

Avenira Limited GEAR-Led Group Ceases Substantial Holding After Voting Power Falls to ~3.6%

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Avenira Limited (ASX:AEV) has received a notice disclosing that Golden Energy and Resources Pte. Ltd. (GEAR), Frontier Resources Pte. Ltd., Star Success Pte Ltd, and Lanny Tranku have ceased to be substantial holders in the company, with the cessation taking effect on 30 July 2025.

Key Points

GEAR and associated entities ceased to be substantial holders in Avenira Limited on 30 July 2025.
On 5 April 2024, GEAR acquired 11,250,000 ordinary shares via a shares placement for A$90,000.
On 30 July 2025, GEAR's voting power was diluted to approximately 4.5% by a shares placement, with no change in shares held.
On 6 November 2026, GEAR took up its full rights issue entitlement, acquiring 289,602,273 ordinary shares for A$1,737,614, resulting in a holding of 482,670,455 shares at approximately 3.6% voting power.

Cessation of Substantial Holding

According to the filing, the group comprising Golden Energy and Resources Pte. Ltd. (GEAR), Frontier Resources Pte. Ltd. (Frontier), Star Success Pte Ltd, and Lanny Tranku — collectively referred to as Frontier Controllers — ceased to be substantial holders in Avenira Limited on 30 July 2025. The previous substantial holder notice had been given to the company on 13 December 2023 and was dated 13 December 2023. The notice was signed by Victor Lai in his capacity as Group Company Secretary and dated 10 November 2026.

Changes in Relevant Interests Since Previous Notice

The filing discloses three changes in GEAR's relevant interest since the previous notice. On 5 April 2024, GEAR received an allotment of 11,250,000 ordinary shares through a shares placement for consideration of A$90,000, affecting 11,250,000 votes. On 30 July 2025, GEAR's voting power was diluted to approximately 4.5% as a result of a shares placement by the company, with no change in the number of shares held by GEAR and nil securities affected. On 6 November 2026, GEAR took up its full rights issue entitlement, acquiring 289,602,273 ordinary shares for A$1,737,614, resulting in a total holding of 482,670,455 shares and an approximate voting power of 3.6%.

Details of Associated Entities and Addresses

The filing identifies the entities involved in the substantial holding group. Golden Energy and Resources Pte. Ltd. is addressed at 20 Cecil Street, #05-05 PLUS, Singapore 049705. Frontier Resources Pte. Ltd. is located at 1 Fullerton Road, #02-01, One Fullerton, Singapore 049213. Star Success Pte Ltd and Lanny Tranku are addressed at Tortola Pier Park, Building 1, Second Floor, Wickhams Cay I, Ray Town, Tortola, British Virgin Islands. No changes in association among the named parties were disclosed in the filing.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.