Digital media company migme has been placed into administration, 10 months after its plan to sell the business to a US-based investment group fell through.
Digital media company migme will be seeking alternative options to restructure after plans to sell its underlying business to US-based investment group Solaris Power Cells fell through.
Steven Goh is looking at selling his digital media business migme and/or migrating it to a foreign stock exchange as part of an ongoing struggle to pay its creditors.
Fortescue Metals Group has risen into the ranks of the top 50 most valuable companies on the Australian share market thanks to soaring iron ore prices which have nearly quadrupled the miner's half-year profit and stoked investor demand.
App company SportsHero is set for its ASX debut after raising $3.2 million from investors and completing a reverse takeover of Perth-based Nevada Iron.
Loss-making digital media company migme has flagged a wide-ranging review encompassing its board, management and capital strategy after announcing the terms of a new convertible note issue.
Power Ledger remains in the top spot on Techboard's ranking table for the second fortnight running, having announced its first commercial deal for the provision of its technology platform.
Half of the top twelve trending companies in Techboard's ranking this fortnight are health-techs, with Perth continuing to assert its credentials in the space.
Digital media company migme has been forced to extend its suspension on the ASX to complete a planned capital raising, which it said would be essential for the business to remain viable.
Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.
Outgoing migme chairman Howard Dawson plans to become a director of a Singapore-founded fantasy sports company that is seeking an ASX listing through Nevada Iron, as another Perth company backed out of a tech acquisition because of an ASX ruling.
Stewart Butel will retire as the managing director of Wesfarmers Resources at the end of July. Mr Butel has been associated with Wesfarmers since 2000.
Fast-growing digital media company Migme has raised $7 million through a share placement to a Chinese app developer, taking its total capital raisings since listing two years ago to $36 million.
Social networking company migme has announced the acquisition of two Indonesia-based companies, while finalising a $3.5 million convertible note issue.
Norwood Systems and ResApp Health are small tech companies with global potential and, judging by their share price gains this month, investors have latched on to the latter.
SPECIAL REPORT: Two years on, the surge in ASX backdoor listings shows little sign of slowing, helping innovative technology businesses in Perth, interstate and overseas to raise capital.
The wave of backdoor listings on the ASX has delivered nearly $90 million of extra capital to the tech sector in Western Australia, but the trend hasn't all been positive, research by Business News has found.
Social media company migme has cancelled plans to undertake a share placement, after being battered by volatile markets and selling by long-term shareholders who had acquired the stock when it was a mining business.
A surge in the number of backdoor listings was one of the few positives on the stock market in 2014, and two new deals for technology companies show there is more to come.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
The run of technology companies taking advantage of lacklustre mining stocks based in Perth is continuing, with three more backdoor listings expected to be completed this month and another towards the end of the year.
Listed social entertainment platform migme has appointed Stephen Llanwarne as a non-executive director, while Chieh Suang Khor has been appointed an alternate non-executive director for existing no
Asia-focused social entertainment platform migme has announced a partnership with Universal Music Indonesia; following migme's August backdoor listing to the ASX in a reverse takeover of Latin Gold.
Steven Goh's Asia-focused social networking business migme has launched on the Australian Securities Exchange following a reverse takeover of gold explorer Latin Gold.
