ASX company M8 Sustainable has been placed into voluntary administration after being overwhelmed by growing debts and lack of cash flow into the business.
M8 Sustainable has secured the $10 million of convertible notes it needed to complete its Gingin facility and pay other debts after its $8 million minimum raising fell short earlier this week.
Recycling and waste management company M8 Sustainable had a soft start to its first day of trading on the ASX today, with its shares dipping to 17 cents after last month's $19.5 million initial public offering at 20 cents per share.
A recycling and waste management business led by Bob McKinnon and Tom Rudas has kicked off plans for a stock market listing, with the company hoping to “supercharge” its growth and turn recent loss
Three interconnected waste management businesses in Perth face a sudden change of fortune after Aurigen Group went into voluntary administration, a Thai company bought the Brockwaste plant in Shenton Park, and listed company AnaeCo positioned itself to work on the planned restart of the plant.
Bayswater company Resource Recovery Solutions has become the largest processor of construction waste in Western Australia after buying out a facility from a major competitor, as the government finalises an incentive scheme designed to lift the state's poor record in recycling.
Listed company AnaeCo has resolved to focus on the commercialisation of its waste treatment technology, following the resignation of its founder Tom Rudas.
Perth company AnaeCo has announced it will immediately start construction of an expanded waste treatment facility in Shenton Park after infrastructure fund manager, Palisade Investment Partners gave final investment approval for the project.
Perth company AnaeCo has announced Infrastructure Fund Manager, Palisade Investment Partners, has given in-principle approval to fund construction of an expanded waste treatment facility at Shenton Park.
PERTH company AnaeCo has passed a regulatory milestone for construction of an expanded waste treatment facility at Shenton Park, but getting funding for the $35 million project is proving more challenging.
THE provision of non-landfill or 'alternative' waste management is a growth business in Western Australia, as population centres expand and infrastructure reaches capacity.
Bentley-based waste management company AnaeCo Ltd will aim to raise $5 million through a float on the Australian Securities Exchange to fund its share of the construction costs of its first waste treatment facility, the company has announced.
Eight years after being incorporated, four years after listing on the stock market, three years after winning its first contract, and one year after delisting, Perth company AnaeCo Ltd is close to commercialising its innovative waste treatment technology.
