Carrie Burns

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.

Chinese private investor Australia Kengkong Investments Co could own a 45 per cent stake in Perth-based VDM Group and secure a seat on its board, as part of a $10 million convertible loan agreement announced today.

Private equity players are at the heart of a second major Perth-based food franchise deal within 12 months, with Malaysian private equity firm Navis Capital Partners reacquiring a majority stake in Dome Coffees at a price estimated to be at least $50 million.

Cardinal Resources has completed its bid for $900,000 of capital from sophisticated and professional investors, with additional rights issue shares yet to become available to eligible shareholders.

Perth-based State One Stockbroking and online broking division Amscot Stockbroking are the first brokers in Western Australia to operate the ASX’s new managed fund settlement service.

Murray Bathgate has joined electrical and specialist security solutions provider Trivantage Group as national business development manager for its Trivantage Power division.

Sundance Resources has appointed former Leighton Holdings chief executive officer Wal King as its new chairman, following the retirement of current chairman George Jones after the company’s AGM in November.

Manas Resources has announced plans to raise $850,000 to fund pre-development work at its Shambesai gold project in the Kyrgyz Republic.

Perth-based contractor OTOC has secured $10 million in funding to pursue its national expansion, through a 20-cent placement of 50 million shares.