Tuesday, 5 September, 2000 - 21:00
Visionary with plenty of go
A BACKGROUND in accountancy and broking combined with a long-held passion for information technology culminated in Steven Goh’s creation of Sanford Limited in 1996.
Steven Goh is the CEO and co-founder of migme (formerly mig33), a social entertainment services company for emerging markets (founded in Australia, built up in Silicon Valley with top tier venture capitalists, then moved to Singapore). He has extensive experience in developing and commercialising internet services for consumers & fundraising. Over a period stretching back to the mid 1990s, Steven founded Sanford Securities (Australia's first online stockbroking company and a leader in its time), established Bell Direct (one of Australia's largest online wealth management companies), advised a number of startups, been involved with a number of incubators, and many other organisations (ranging from stock exchanges, investment banks, to consumer internet businesses) throughout Australia, USA, Europe and Asia. Mr Goh began his career at the age of 7, programming Fortran at UWA’s Maths Department courtesy of his father who lectured there. After finishing University in 1990, he worked in chartered accounting and then stockbroking before founding Sanford Securities in 1996 after graduating from UWA with an MBA. He maintains an avid interest in a range of computing languages and systems architecture. A consequence of his professional experience, he has also been involved in a few hundred capital issues and transactions for several hundred million dollars, including raising over US$50m for companies that he himself has founded and led. Mr Goh was awarded an inaugural WA Business News 40under40 Award in 2002, & he was a finalist in Ernst & Young’s Entrepreneur of the Year Awards in Australia’s Western Region. He has extensive private and public board experience, is a frequent speaker at conferences in Silicon Valley, Europe, Asia, & Australia, and has appeared on CNBC, Financial Times, the Economist, and Bloomberg.
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A BACKGROUND in accountancy and broking combined with a long-held passion for information technology culminated in Steven Goh’s creation of Sanford Limited in 1996.
The founder of Sanford Securities, Steven Goh, has teamed up with Melbourne-based financial services company Bell Group to launch a new, low-cost online stockbroking service.
Latin Gold has become the latest resources company to target the technology sector, with intentions to acquire a social networking platform developed by Steven Goh.
Steven Goh’s social networking business mig33 has acquired an online music community as it seeks to add value while progressing an ASX listing.
Social entertainment firm mig33, which is in the middle of a reverse takeover of Latin Gold, has secured more than $10 million in investment from Hong Kong-listed handset manufacturer FIH Mobile.
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.
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.
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.
Perth’s tech network has grown significantly during the past three years; what it needs next are some success stories.
Steven Goh’s social networking company migme has raised $10 million from an oversubscribed placement to shareholders.
From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.
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.
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.
Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.
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.
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.
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.
Digital media company migme has been placed into administration, 10 months after its plan to sell the business to a US-based investment group fell through.
Ryan Benton has left as chief financial officer of Brainchip.
Position | Company | Year | Company's current rank | WA staff |
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Executive Director & CEO
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2014 |
Position | Company | Year | Company's current rank |
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Chief Executive Officer, Executive Director
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2014 - 2018 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
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2016-12-21 | Bought | 60,000 | $0.08 | $4,800 | On-market trade | |
2016-01-13 | Issued | 2,450,000 | $0.00 | Other |
Announced | Bidder | Target | Transaction Type | Total Value | |
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ACN 059 457 279 formerly Migme | Asset acquisition | $34.00m | >> | ||
ACN 059 457 279 formerly Migme | Hipwee Media Solutions, Shopdeca | Acquisition | $3.50m | >> | |
ACN 059 457 279 formerly Migme | Hipwee Media Solutions | Acquisition | >> | ||
Latin Gold | mig33 | Reverse takeover | $19.00m | >> | |
mig33 | alivenotdead.com | Acquisition | >> |