HomeStay lists on ASX

19/11/2018 - 15:10

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Tech company HomeStay Care started trading on the ASX today after completing a reverse takeover of Antilles Oil and Gas and a $4 million capital raising.

HomeStay lists on ASX

Tech company HomeStay Care started trading on the ASX today after completing a reverse takeover of Antilles Oil and Gas and a $4 million capital raising.

The company’s shares closed their first day of trading at 4.1 cents, delivering an immediate gain for investors who bought scrip in the raising at 2 cents per share.

The proceeds will be used to fund business development, sales and marketing, and home installations.

HomeStay, which was founded in 2016, has developed an ‘internet of things’ platform to provide technology-enabled care to the aged care and disability sectors

The technology offers on-demand care services, healthcare data management and lifestyle monitoring.

Following completion of the deal, HomeStay has appointed Perth-based Shannon Robinson as executive chair.

Ms Robinson is on the board of ASX-listed companies Yojee and Spookfish, and was formerly chair of FBR.

HomeStay’s second director is Edwards Mac Scovell partner Sara Kelly.

708 Capital was lead manager while Edwards Mac Scovell was legal adviser.

HomeStay’s chief executive is Singapore-based Aga Manhao, who has spent the past 10 years in the oil and gas industry.

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