Faldi Ismail

Picking over the carcasses of failed companies and seeking to bring them back to life is something of a specialty in the Western Australian corporate scene, where the appetite for risk and a ready supply of listed shells have spawned a unique industry.

Oil and gas explorer WHL Energy has appointed Faldi Ismail as a non-executive director, where he will serve as interim non-executive chairman following Trevor Benson’s departure from that role.

Otsana Capital founder and Kalimantan Gold Corporation CEO and deputy chairman Faldi Ismail has joined the board of directors of Emergent Resources, following the resignation of Patrick Burke.

The number of backdoor listings or reverse takeovers in Western Australia is likely to rise after a change in ASX policy has simplified the process for emerging companies to access capital via existing entities.

An institutional investor and a group of ultra high-net-worth individuals have taken a punt each way on a multi-billion dollar steel project.

A local oil and gas explorer led by Steinepreis Paganin partner Peter Wall has announced plans to acquire a digital technology company in a backdoor listing.

Forge Group founder Peter Hutchinson is planning to move into agribusiness, with ASX-listed Style announcing the $20 million acquisition of Nor-West Seafoods.

Local software and technology development company Investia Technologies is seeking an ASX listing through a reverse takeover of Advanced Engine Components.

BGD Corporation is the latest Perth-based company to initiate a backdoor listing, announcing today that it intends to establish a primary healthcare business by purchasing assets held by Modern Medical.

Perth-based app services company Global Agenda Technologies is seeking an ASX listing through a reverse takeover of Marion Energy.

Israel-based materials company Dotz Nano has joined the wave of tech firms from that country seeking to raise capital in Australia via a listing on the ASX.

West Perth-based advisory firm Otsana Capital has established an office in Israel to work closer with startups in the region seeking a presence on the ASX.

Nano-technology company Dotz Nano has announced plans to establish a $S20 million ($A18.7 million) research centre in Singapore, on the same day it made fruitful gains on its first day of trading on the ASX.

Cadell Buss has been appointed independent non-executive director of Atlas Pearls. He is the chief executive of DJ Carmichael in Perth and has extensive experience in corporate branding and marketing, new business development, as well as strategic mergers and financial acuity.

Mineral Commodities has appointed Debbie Ntombela, Russell Tipper and David Baker as non-executive directors. Ms  Ntombela and Mr  Tipper were elected as nominees of the board, and Mr  Baker was elected as a nominee of Au Mining.

Our board moves wrap includes Roger Harris, Emmanuel Correia, John Ciganek, Faldi Ismail, Shaun Vokes, Russell Gregory, Peter Kennan, Derek La Ferla, Dennison Hambling, and John Hallam.