- CEO
- Min Yang
- Full Time Employees
- 3
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- 3B Macquarie Street Sydney NSW Australia 2000
- IPO Date
- May 29, 1985
- Business
- ASF Group Limited (ASX:AFA) is a diversified investment and trading house focused on identifying, incubating and realizing opportunities in real estate, resources, technology and financial sectors across Australia, Asia and Europe. Incorporated in 1980 and headquartered at 3B Macquarie Street, Sydney, Australia, the company holds equity stakes in associates including ActivEX Limited (mineral exploration for copper, gold and rare earth elements in Queensland), Key Petroleum Limited (oil and gas exploration in the Cooper Eromanga Basin), BSF Enterprise PLC (biotechnology developing lab-grown leather, corneas and tissue engineering via 3D Bio-Tissues Ltd) and Kaili Resources Limited (resources exploration in Western Australia); through ASF Technologies (Australia) Pty Ltd, it develops patented flat opposed cylinder Scotch Yoke engines for new energy vehicles, aviation, range extenders and generators; ASF Properties Pty Ltd provides property development management, project marketing, asset management, consultations and services in New South Wales and Queensland; and ASF Capital Pty Ltd, holding an Australian Financial Services Licence, offers fund management, public listing advisory, financial advisory, market entry and visa migration services. ASF Technologies' engines achieve Euro 6d and China 6b emissions without turbocharging or expensive add-ons, support fuel-agnostic operation on gasoline, LPG, CNG or hydrogen, and passed extended durability testing with growing patent protection. In the year ended 30 June 2025, ASF Group executed a debt-to-equity conversion with Star Diamond Developments Limited, converting a $25 million unsecured convertible loan facility into 100% equity of ASF Resources Pty Ltd (holding interest in Civil & Mining Resources Pty Ltd and the Dawson West coal project), resulting in a $32.7 million gain on disposal and elimination of all outstanding debt; BSF Enterprise advanced lab-grown leather with global launch of Elemental X™ from synthetic T-Rex DNA, Elemental+™ ultra-thin variant, Sartorius AG partnership MoU for bioprocess scaling, PA Consulting market validation and sample deliveries to fashion brands; ActivEX progressed Gilberton Gold JV term sheet, Aramac REE/base metals exploration and Westgrove REE tenements; Rey Resources sold assets and faced takeover (subsequently accepted by ASF); and Key Petroleum consolidated shares and raised capital.