SINGAPORE (July 28): Ng Su Ling, also known as Lynne, has resigned from her post as director of LionGold Corporation.
According to a Friday regulatory filing to the SGX, this is because she “wishes to pursue further interests and concentrate on the demands of her legal practice”.
Following Ng's resignation, LionGold says its board will be short of one independent director, and that its board of directors are in the midst of identifying suitable candidates and will review the composition of various board committees.
Ng was joint company secretary of IPCO International, where Quah Su Ling previously served as CEO, from Jan 2013 to July this year.
Quah is currently facing a total of 178 charges together with then-boyfriend and the alleged mastermind of 2013 penny stock saga, John Soh, who is facing 188 charges in relation to the case himself, including six of “aggravated cheating”.
See: Penny stock saga’s alleged mastermind John Soh denied bail; faces total of 188 charges
See: John Soh could face longest-ever jail term for financial crime in Singapore
See: John Soh Chee Wen and Quah Su-Ling charged in largest market manipulation scheme in Singapore’s history
Previously, Ng also served as independent director of Blumont Group from Sept 2012 to Nov 2013, which was also one of the three penny stocks at the centre of the saga together with LionGold.
