Mark Beyer

A critical ruling by the corporate regulator has forced Quintis investors to adjourn a meeting that was called to appoint a new responsible entity for their 2002 sandalwood project.

Quintis investors hoping to appoint a new ‘responsible entity’ to have oversight of their sandalwood project will need to change plans after the corporate regulator said their two preferred entities were not eligible to take the role.

Shares in AWE jumped 16.5 per cent today after Japanese group Mitsui & Co became the third bidder for the oil and gas producer, which is the operator and half owner of the Waitsia gas field north of Perth.

Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE’s Waitsia gas project north of Perth.

The Quintis insolvency could play out very differently from other failed agribusiness investment schemes.

One year into his new job, Cash Converters chief executive Mark Reid is on a culture change journey.

Three partners of McGrathNicol have formally taken control of sandalwood producer Quintis and its Australian subsidiaries after being appointed as receivers and managers today.

Fremantle-based Primary Securities and Sydney-based Huntley Group are positioning themselves to take over as the responsible entity for Quintis forestry schemes, as investors continue to question the motives of the company’s board and its major noteholder.

The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.

Quintis faces more financial pressure after an investor exercised a put option to sell $37 million of plantations to the troubled sandalwood producer.

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the Australian dollar and commodities, blockchain technology, contract wins and deals, Imdex's expansion, and franchising.

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Blackham Resources has signed up Hartleys as lead manager for a $36 million capital raising that will be priced at just 4 cents per share, while mining contractor MACA has agreed to lend $14 millio

SPECIAL REPORT: There have been some big moves among corporate finance dealmakers in Perth, who worked on more than 850 transactions worth nearly $25 billion in 2017.

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss the funeral business, St John of God Healthcare, cultural developments, big moves in corporate finance sector and Business News celebrates 25 years.

BDO has backed its confidence in WA’s commercial outlook by purchasing boutique mergers and acquisitions firm Tomkins Turner Corporate Advisory

St John of God Health Care’s long-serving chief executive Michael Stanford has resigned to pursue a non-executive career, starting with the board of ASX-listed competitor Healthscope.

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss MRA and LandCorp merger, a local bitcoin venture, WA property values, cannabis, plus food trucks, fresh food boxes and fine dining.

Mining veteran Milan Jerkovic is taking the reins at embattled gold producer Blackham Resources, which has negotiated a standstill agreement on a $14 million debt repayment due this week and plans to ask shareholders to contribute $36 million of new capital.

Phoenix Energy has announced major changes to its planned waste to energy project at Kwinana, with Macquarie Capital becoming lead sponsor and two European groups negotiating to take on construction and operations.

The state government has revised its budget deficit for the current financial year to a record $2.6 billion but insists the budget outlook has improved while also confirming it has added Landgate to its list of potential asset sales.

Indonesian businessman Eddy Sariaatmadja has donated specialist medical equipment that is expected to form the cornerstone of an emerging clinical innovation, skills and training hub being planned by Perth business executive Michael Henderson.

Christian Porter, Matthias Cormann and Michaelia Cash were among the winners from a reshuffle of the federal government ministry announced today by prime minister Malcom Turnbull.

Catholic Education Western Australia has modified its delivery strategy for the ambitious ICT project it has created in collaboration with Microsoft, with local firm Empired wining work under a new fixed-price contracting model.

SPECIAL REPORT: Chris Ellison’s astute commercial achievements placed him at the top of our short list of nine people contending to be person of the year.

The number of workers on big projects in Western Australia is likely to stabilise at just one quarter of the peak level recorded during the mining construction boom, and that’s only if planned projects get approved, a new study has found.

One-time WA iron ore miner Moly Mines, which was delisted from the ASX early this year with nearly 4,000 shareholders and $63 million in the bank, has struck a deal to buy copper stock Queensland Mining Corporation.

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Scarborough high rise, Colin Barnett, construction jobs, Tox Free, AWE takeover and our person of the year.

Mineral Resources has disclosed that its planned lithium processing projects in the Pilbara will cost in excess of $600 million to build, with managing director Chris Ellison also revealing ambitions for more downstream processing projects.

Property developer Nicheliving Holdings has substantially revised its plans for a stock market float after striking a deal to give 20 per cent of the company to a Singaporean investor who recently launched a $21.4 million legal claim.

SPECIAL REPORT: The new boss at the state’s biggest private sector employer wants to get more women into senior management.

PODCAST: Mark Beyer and Mark Pownall discuss WA’s economic growth, land development softens, Scarborough development knocked back, architecture firm collapse, Mark Povey fined, EPA approves Southbank, gas project bid, company directors cash in and WA’s biggest employers