News Articles for Farooq Khan

Board moves July 29, 2024

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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.

Strike, CZR eye Pilbara asset sales

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Two Western Australian junior miners are closing in on deals to sell their iron ore projects in the Pilbara.

Tough hurdles for new iron miners

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The surge in iron ore prices over the past three years has delivered some spectacular returns for investors.Fortescue Metals Group – a pure-play iron ore stock – and Mineral Resource

Sports app seeks listing, Queste out

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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.

App/tech business of the week – Yurn.it

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Yurn.it is a fashion aggregator website that allows users to browse 25 of the world's top fashion retailers.

Bentley bids $8m for Strike

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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.

Year of two halves for investment players

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Western Australia's listed money managers had a strong 12 months to June 2014, but face a challenge to repeat that performance in 2015.

Molopo to sell assets, cut costs

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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.

Bentley sticks to Molopo amid mystery offer

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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.

Bauxite rides on nickel’s coat tails

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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.

Pay renegotiation pressure point

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FEATURE: Salaries have come under huge pressure during the past year as widespread cost cutting takes its toll on executives' take-home pay.

Bentley makes bid for Marathon

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Perth-based investment group Bentley Capital has launched a $2.3 million unconditional on-market takeover offer for South Australian minerals explorer Marathon Resources.

Junior explorers pay up for CEOs

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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.

Hopkins heads Alara

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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 cuts director costs

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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.

Festive season flurry of backdoor listings

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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.

WA company listing for Bouris venture

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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.

Sofcom Ltd

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Sofcom Ltd 19-Jul-05 Farooq Khan became a substantial shareholder with a relevant interest of 6,255,349 ordinary shares (14.0%).