IPCO’s former CEO is Quah Su Ling. Together with John Soh Chee Wen, the two are alleged masterminds of the 2013 penny stock saga that resulted in $8 billion in market value destroyed. The trial of this duo is likely to begin next March. Goh Hin Calm, the IPCO's former interim CEO, similarly faces trial for a lesser role played.
SINGAPORE (Oct 30): Shareholders of IPCO International, one of the nearly dozen companies linked to penny stock saga of 2013, has approved the change of name to Renaissance United.
Shareholders who own a total of just over 1.4 billion shares and who were present at an extraordinary general meeting on Oct 30, voted unanimously in favour of the name change.
