ACN 059 457 279 formerly Migme

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.

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.

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 non-executive director Dmitry Levit.

Several local startups have broadened their horizons in the search for funds.

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.

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 Exploration.

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.

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.

Four Perth tech stocks are set to join the All Ordinaries Index, highlighting the tentative emergence of new industries.

Social media company migme has received firm commitments for a $7 million capital raising, which it says was oversubscribed by $2 million.

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.

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.

Steven Goh’s social networking company migme has raised $10 million from an oversubscribed placement to shareholders.

The surge in backdoor listings on the ASX hit new highs in the September quarter and is attracting more entrepreneurs with Silicon Valley experience.

From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

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.

Social networking company migme has announced the acquisition of two Indonesia-based companies, while finalising a $3.5 million convertible note issue.

Experienced investors such as Gavin Rezos and Tony Grist have shone brightly as the technology sector has attracted growing interest.

SPECIAL REPORT: Funding for WA’s tech sector is much healthier than a recent government-backed report concluded, research by Business News has found.

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.

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.

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.

Howard Dawson has retired as non-executive chairman of migme. Mr Dawson was associated with the company since its listing on ASX in August 2014.

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.

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.

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.

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.

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.

Digital media company migme has confirmed it is selling its underlying business to US-based investment group Solaris Power Cells in an all-scrip deal.

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.

Eastern Goldfields and migme are among a number of companies to have missed paying their annual ASX listing fees, risking removal from the register.

Andi Zain has resigned as non-executive chair of migme.

Firm