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==Shutdown==
==Shutdown==
The mobile app has been offline since early 2018. There, however, is no official statement on the specific reason about this unexpected situation yet.
The mobile app has been offline since early 2018. There, however, is no official statement on the specific reason about this unexpected situation yet.
According to this reference <ref>https://www.delisted.com.au/company/migme-limited/</ref> the complete news and events held from 2014 to 2020 about Migme in ASX.

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.
13/08/2020

name changed to A.C.N. 059 457 279 Limited
27/09/2019

The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation.
22/08/2019

The deed administrators have agreed and executed amended terms to the original asset sale agreement with Odysseus Investment Group Ltd. Odysseus has replaced Amiko as the vendor/purchaser under the ASA. Surplus sale proceeds in the Creditors' Trust are payable to pre-administration shareholders of the Company only.
22/10/2018

At the second meeting of creditors on 3 August, creditors resolved that the company should execute a DOCA to recapitalise the company with the deed proponent, Celtic Capital as trustee for the Celtic Capital Trust. The DOCA was executed on 24 August 2018.
24/08/2018

Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Tuesday, 21 August 2018 will have its securities suspended from official quotation before the commencement of trading on Wednesday, 22 August 2018. The company has not paid its annual listing fees in respect of the year ending 30 June 2019 but the securities are already suspended from official quotation. In accordance with Listing Rule 16.5, entities that pay their annual listing fees after Tuesday, 21 August 2018 must pay by bank cheque only. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Tuesday, 28 August 2018 will be removed from the Official List with effect from the close of trading on Tuesday, 28 August 2018.
22/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.
06/08/2018

The extension for the convening period for the administration was granted by the court on 6 July 2018. The effect of the extension is that the latest date by which the second meeting of creditors of the Company is now required to be convened is 30 July 2018. The second meeting of creditors will be held by a date that is no later than 6 August 2018.
06/07/2018

Simon Theobald and Melissa Humann of PPB Advisory were appointed joint and several administrators of the company. The administrators intend to work with the directors and other stakeholders to achieve a recapitalisation of MIG.
12/06/2018

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.
22/08/2017

Despite repeated attempts to advance the Solaris transaction, Solaris has failed to deliver on its obligations and in the interest of shareholders, the company has terminated the process and is now evaluating alternative options. The AGM further intended to be held immediately will now be convened as soon as practicable and will include resolutsions to ratify two earlier convertible note issues of US$600,000 and US$260,000 undertaken in December 2016 and January 2017, respectively.
10/08/2017

The company lodges its March 2017 Quarterly Activities Report.
10/08/2017

The company lodges its Appendix 4C - quarterly report.
10/08/2017

The company lodges its 2016 Annual Report.
10/08/2017

The company is pleased to announce an agreement with Solaris Power Cells, whereby Solaris is to acquire the operating assets of migme in a scrip-based transaction.
26/04/2017

The company is currently looking to finalise a series of convertible note transactions prior to Monday 17 April 2017. At such time, the company envisages that it will provide further information to the market. It is intended that the funds raised will be utilised to pay existing creditors and maintain a level of operations to ultimately enable the achievement of cash flow positive operations in 2017. The company is advancing negotiations in relation to a proposed refinancing and recapitalisation of the company.
11/04/2017

The company's shares are in voluntary suspension pending the finalisation of a US$6 million convertible note financing and the release of an announcement concerning that convertible note financing. The company is currently in advanced negotiations with a number of financiers and corporate entities in relation to this. The company expects the voluntary suspension to end on or prior to the commencement of trading on Friday 31 March 2017.
15/03/2017

The Company is currently in advanced negotiations with a number of financiers and corporate entities in relation to the finalisation of the Convertible Note series. Several parties are currently completing due diligence and the Company considers that it will not be in a position to make full disclosure to the market of the relevant terms and conditions for a period of up to two weeks. The Company expects the voluntary suspension to end on or prior to the commencement of trading on Wednesday 15 March 2017.
02/03/2017

The company lodges its Preliminary Final Report.
01/03/2017

The company requests a continuation of the voluntary suspension of trading in the securities from the commencement of trading tomorrow, 15 February 2017. The voluntary suspension is necessary pending the finalisation of the company's US$6 million convertible note financing and the release of an announcement concerning that convertible note financing. The company expects the voluntary suspension to end on or prior to the commencement of trading on Wednesday 15 March 2017.
15/02/2017

The securities of migme Limited will be suspended from official quotation from the commencement of trading on Tuesday, 7 February 2017, pending the release of an announcement regarding convertible note financing.
07/02/2017

The suspension of trading in the securities of migme Limited will be lifted immediately following the receipt of an announcement in relation to a capital raising.
19/08/2016

The company is pleased to announce that it has completed the raising of $10.226 million (before costs) pursuant to the issue of 25,564,879 fully paid shares at an issue price of $0.40 per share (of which 5,045,069 shares were issued to Meitu Investment Limited (Meitu) on 7 July 2016).
19/08/2016

Further to the Company's announcement dated 5 August 2016, the Directors of migme Limited confirm that they have concluded all contractual matters in relation to the completion of the $10 million capital raising and are now awaiting settlement, which is expected to occur by close of business on Friday 19 August 2016. Following settlement, it is anticipated that ASX will re-instate the Company's shares to trading.
18/08/2016

The company lodges its cleansing prospectus for the offer of up to 1,000 shares at an issue price of $0.40 per share.
18/08/2016

The Directors of migme Limited are pleased to advise that they have finalised the outstanding contractual matters in relation to the $10 million capital raising and are now awaiting settlement. Accordingly, the current suspension is to be extended to on or before the close of trading on Monday 22 August 2016. The Directors advise that significant progress has been made and settlement is expected to occur shortly.
18/08/2016

The current suspension of the Company's securities is expected to extend to on or before Wednesday 17 August 2016. The Company confirms it has received offers for the raising of $10 million, with $2 million received from Meitu Investment Limited and the remaining $8 million from strategic and sophisticated investors. In addition and subject to the receipt of shareholder approval, CEO of migme Steven Goh has agreed to subscribe for 250,000 shares. The continuation of the suspension is necessary for the Company to finalise contractual and administrative matters in relation to the completion of the placement, in part due to the settlement requirements with overseas cornerstone investors.
05/08/2016

The Directors of the company advise that they have been unable to finalise all contractual arrangements in relation to the Company's $10 million capital raising. The Company expects to conclude these outstanding contractual matters on or before the commencement of trading on Monday 8 August 2016. Accordingly, the current suspension of the Company's securities is expected to end when the Company makes a further ASX announcement on or prior to the commencement of trading on Monday 8 August 2016.
04/08/2016

migme is pleased to announce an alliance with SOSV's "˜Mobile-Only Accelerator. It is finalising a $10 million capital raising, including $2 million recently placed with strategic shareholder Meitu and $8 million from other cornerstone investors. Capital raised may be sufficient for the business to grow its user base and revenues and reach a cash flow positive operating position in 2017, subject to market conditions and business risks. migme will accept over subscriptions by extending the capital raising to other sophisticated and professional investors. The company will re-commence trading on Thursday 4 August 2016.
02/08/2016

The Directors of migme Limited (MIG) request a continuation of the suspension from quotation of the Company's securities. The continuation is requested pending the finalisation of contractual arrangements in relation to the Company's capital raising and the release of an announcement concerning that capital raising. The Company expects the suspension to end on or prior to the commencement of trading on Thursday 4 August 2016
27/07/2016

migme Limited advises of the upcoming release from ASX imposed escrow of 52,950,102 restricted fully paid ordinary shares and 7,500,000 options each exercisable at $0.20 and expiring 31 July 2017.
21/07/2016

Global digital media company migme Limited (ASX:MIG) ("migme" or "Company") invites investors to join a conference call hosted by CEO Steven Goh and CFO Anthony Benino, on Thursday 21 July 2016 at 9:15am AEST. The purpose of this conference call is to update investors on the Company's operations and highlights of the second quarter of 2016.
20/07/2016

The company lodges its quarterly report.
20/07/2016

migme Limited has been conducting a strategic process for a capital raise. The Company received $2 million from Meitu Investment Limited and has received substantial interest from other investors during the process.
13/07/2016

The Directors of migme Limited (MIG) request a continuation of the suspension from quotation of the Company's securities.
13/07/2016

The Directors of migme Limited (MIG) request a continuation of the suspension from quotation of the Company's securities. The Company expects the suspension to end on or prior to the commencement of trading on Tuesday 12 July 2016.
06/07/2016

The securities of Migme Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.
04/07/2016

The suspension of trading in the securities of migme Limited (the "Company") will be lifted immediately following the receipt of an announcement in relation to the signing of a Memorandum of Understanding with Meitu Investment Limited.
03/03/2016

is pleased to announce the signing of a The company is pleased to announce the signing of a Memorandum of Understanding with new strategic partner Meitu Investment Limited, and the placement of 11,650,000 migme shares to Meitu at AU$0.60 per share raising AU$6,990,000 for the Company. The MOU is to explore joint marketing and product development opportunities.
03/03/2016

The securities of Migme Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.
02/03/2016

securities reinstated
03/02/2015

ï‚· the continuation of suspension is requested pending the release of an announcement concerning a capital raising; ï‚· the Company expects the suspension to end on or prior to the commencement of trading on Wednesday 4 February 2015
02/02/2015

securities suspended pending the release of an announcement
30/01/2015

The securities of Migme Limited (the "Company") will be reinstated to official quotation as from 11:00am (AEST) on Monday, 11 August 2014 following the Company's compliance with Listing Rule 11.1.3 and Chapters 1 and 2 of the ASX Listing Rules. 188,538,018 ordinary shares fully paid Security Code MIG
07/08/2014

The merger of the Company (with Project Goth Inc and M3H Private Limited) and the raising of $8,000,000, pursuant to a share placement to Big Build Enterprises Limited ("Big Build"), have today been completed
05/08/2014

issues a Supplementary Prospectus in relation to a Prospectus dated 30 June 2014 for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy the ASX requirements for re-listing following a change to the nature and scale of the Company's activities and for the issue of 40,000,000 Shares at an issue price of 20 cents each, to raise a total of $8,000,000
22/07/2014

whilst its ASX code changed on 4 July 2014, its securities will, however, remain suspended until such time as it re-complies with Chapters 1 and 2 of the ASX Listing Rules
07/07/2014

note completion of the 1 for 5 consolidation of capital, on 2 July 2014
07/07/2014

name changed from Latin Gold Limited
04/07/2014
<ref>https://www.delisted.com.au/company/migme-limited/</ref>


== References ==
== References ==

Revision as of 05:42, 28 September 2020

migme
Formerlymig33
Company typePublic
IndustryInternet
Founded2005; 19 years ago (2005) (as mig33)
in Australia
FoundersSteven Goh,[1] Mei Lin Ng[2]
DefunctNovember 26, 2017 (2017-11-26)
Headquarters
Singapore[3]
Area served
Global
ServicesChat, blog, games, stickers, virtual gifts etc.
RevenueDecrease $12.09m[4]
Ownermigme Limited
Number of employees
Decrease 13
SubsidiariesLoveByte, alivenotdead and Sold.sg
Migme
Type of site
Social entertainment platform, mobile digital, Social networking service, microblogging
Available inMultilingual (2 languages - English and Indonesian)
URLmig.me
RegistrationRequired Sign Up
Users33+ million Monthly Active Users & 3000+ Artists[5]
LaunchedDecember 2005 (2005-12)
Current statusShutdown since 26 October 2017
Written inJavaScript, PHP, C++ and Python
Websitemig.me

migme Limited (formerly mig33) was a global digital media company focused on emerging markets. The company was registered in Australia and was listed on the Australian Securities Exchange (ASX:MIG) from 11 August 2014 to 22 August 2017.There is also a secondary listing on the Deutsche Borse (WKN: A117AB). The company was formed in Perth, Australia in 2006 and commenced operations under the name mig33. In 2014, it was rebranded migme (and underwent a product and corporate overhaul). FIH Mobile, a handset unit of Taiwanese consumer electronics group Hon Hai Precision, took a 19.9% stake in the company in 2014. Originally developed as a social chatting and gaming application for feature phones, migme has grown to become a mobile entertainment platform that services Southeast Asia, South Asia, the Middle East and Africa. The company headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan, Hong Kong, Manila, and Australia. The company delivers social entertainment services through portfolio brands migme, LoveByte, alivenotdead and Sold.

In the time of 12 months, migme's market capitalisation fell from Increase $242.5 million to just Decrease $27.2 million by the end of 2016. Migme shares have been suspended from trade since February 2017 and were of worth flows 4.4 cent each.[7] The site and app service went offine since August 7, 2017. migme got suspended from Australian Securities Exchange on 22 August 2017 because of being unable to pay the annual listing fees.[8]

History

mig33 was founded by Steven Goh and Mei Lin Ng in Perth, Australia in 2006. In 2007, it shifted operations to Silicon Valley where it focused on developing its engineering and technology capabilities and secured new venture capital. During this time, it acquired significant users in emerging markets of South Asia, Southeast Asia, the Middle East and Africa.[9]

In 2012, it shifted its headquarters in Singapore to be closer to ghg Indonesia, Malaysia, Philippines, Nepal, India and Bangladesh.[10]

The firm develops applications for Android, WAP, BlackBerry and web platforms. It has also released applications on legacy J2ME-based devices. The product was developed using open-source systems, and features group chat, social gaming and blogging functions as well as virtual gifting.[11][12] Its revamped microblogging service, launched in 2013, enables users to post up to 300 characters.[11]

Rebrand, investment and listing

On June 10, 2014, the company changed its name to migme Limited, and acquired alivenotdead.com, a Hong Kong-based artist community website co-founded by Patrick Lee, former chief executive of film review site rottentomatoes.com.[9] Also in 2014, the firm completed a merger with Latin Gold Ltd., an Australian-listed mining company, which enabled migme to list on the Australian Stock Exchange by way of a reverse takeover, effective August 11, 2014.[9][11] In 2014, FIH Mobile (a Foxconn-linked handset company) became the migme's largest shareholder through a $9.6 million investment, giving it a 19.9% stake in the company.

On October 2014, the company acquired LoveByte, a mobile app enabling couples to communicate, share thoughts and remember precious moments.[13] LoveByte is headquartered in Singapore.

In January 2015, migme enters e-Commerce with acquisition of Sold.sg.[14] Sold is an online pay-to-bid auction house and e-commerce business where customers can bid and buy quality products at competitive prices. Sold operates in Singapore and Malaysia.

Migme currently operates offices in Singapore, Kuala Lumpur, Jakarta, Manila, and Taipei.

On April 20, 2017 Solaris Power Cells, Inc. announces that it has signed definitive agreements to acquire Migme. However this deal didn't helped migme to increase the sales but they dipped more into loss of $23.1 Million loss after tax cuts.[15] There were a number of cuts in the year due to the loss, They broke off the deal with Solaris on August 10, 2017 with a press brief with Reuters.[16]

Shutdown

The mobile app has been offline since early 2018. There, however, is no official statement on the specific reason about this unexpected situation yet.

References

  1. ^ "migme co-founder".
  2. ^ "migme Co-founder".
  3. ^ "mig33 moves to Singapore".
  4. ^ "migme Ltd MIG ASX". Financial Times. Retrieved 17 August 2017.
  5. ^ "QUARTERLY OPERATIONS UPDATE 31 January 2017".
  6. ^ "Mig.me Site Info". Alexa Internet. Retrieved 17 August 2017.
  7. ^ "migme confirms sale to US business".
  8. ^ "Suspension from Official Quotation - Annual Listing Fees".
  9. ^ a b c "Mig33 acquires Alivenotdead, a site started by Rotten Tomatoes founders". finance.yahoo.com. Retrieved August 10, 2014.
  10. ^ "Offices". mig,me. Retrieved August 10, 2014.
  11. ^ a b c "Asian mobile chat startup Mig33 raises $2.2M, rebrands as MigMe". VentureBeat.com. Retrieved August 10, 2014.
  12. ^ "Social Entertainment Platform". mig,me. Retrieved August 10, 2014.
  13. ^ "Singapore's Migme buys LoveByte, enters apps for couples space". techinasia. Retrieved October 16, 2014.
  14. ^ "migme acquires online entertainment shopping site Sold.sg". e27. Retrieved January 21, 2015.
  15. ^ "migme sale scrapped". Business News. 2017-08-10. Retrieved 2017-08-17.
  16. ^ "BRIEF-Migme Ltd updates on agreement with Solaris Power Cells". Reuters. 10 August 2017. Retrieved 2017-08-17.
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