Henderson-headquartered oil and gas equipment manufacturer Matrix Composites & Engineering has backed a $90 million takeover offer from Advanced Innergy Holdings.
Peter Hood and Tom Henderson-backed company MAK Water has been caught up in legal proceedings against its former employees, over allegations of breaching commercial information.
Aspiring gold producer De Grey Mining has received commitments to raise $100 million, which it will use to fund ongoing exploration at its Mallina project in the Pilbara.
Catherine Costello has resigned as chief financial officer of Admedus. Ms Costello was also company secretary and interim executive director until October.
Perth-based manufacturer Matrix Composites & Engineering says it will be paid the full $US10.9 million ($A14.2 million) owed under a previously cancelled contract with an unnamed shipyard customer, but work under a second contract will not proceed.
Matrix Composites & Engineering lifted its half-year profit by 29.4 per cent compared with the previous corresponding period, despite dropping 20.2 per cent in revenue.
Matrix Composites & Engineering said today that changing market conditions had resulted in production rates being below expectations and forced it to work with its lenders to ensure adequate funding.
A Perth supplier of industrial water systems backed by local executives Peter Hood, Andy Byk, Gary Steinepreis and Tom Henderson, has continued its rapid growth with an acquisition in Queensland.
Investment bank Babcock & Brown has invested an estimated $300 million in Gordon Martin's Coogee Resources Ltd, five months after Coogee scrapped plans for a $380 million public share offer and stockmarket float.
Coogee Chemicals' oil and gas sister company Coogee Resources has announced it is "keen to move quickly" towards development of its Timor Sea oil fields following a "significant" discovery at its Swift North-1 field.
