Today's board moves wrap includes David Maxwell, Dermot O'Keeffe, Aaron Gates, Peter Turnbull, Anthony Bellas, Chris Burns, William Johnson, Farooq Khan, Graham Fyfe and Victor Ho.
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.
An investment company chaired by Perth businessman Farooq Khan has made an off-market $8 million cash bid for full ownership of Strike Resources, and may seek opportunities for the business outside the resources sector.
Molopo Energy's new board, led by Perth-based chair Samantha Tough, has announced the sale of its major asset and commenced a cost-cutting review, following a board shake-up last week.
The Farooq Khan-led Bentley Capital has revealed that it received an $8.4 million offer from a mystery bidder for its stake in the ASX-listed cash shell Molopo Energy.
Western Australia's nickel miners are celebrating a classic supply-side surprise, which has driven the price of their metal sharply higher; but the same Indonesian government ban on the export of unprocessed nickel ore could soon do the same way for another WA specialty – bauxite.
Perth-based investment group Bentley Capital has launched a $2.3 million unconditional on-market takeover offer for South Australian minerals explorer Marathon Resources.
Pay cuts, some up to 50 per cent, were the order of the day in the Business News quarterly CEO salary survey, but not all companies have been on trend.
Middle Eastern minerals explorer Alara Resources has appointed non-executive director Philip Hopkins as managing director, to replace Shanker Madan, who remains as a non-executive director.
Queste Communications chairman and managing director Farooq Khan has agreed to reduce his salary by 50 per cent, resulting in a saving of $68,000 per annum for the company.
WHILE most of the state was taking a breather over the festive season, three Western Australian companies were busy tying up backdoor listing deals that radically change their areas of operation.
A one-time labour recruitment company chaired by Lyndon Rowe is being used by Wizard Home Loans founder Mark Bouris for a back-door listing of his new venture on the Australian Securities Exchange.
