Gan, who is taking the stand as the latest prosecution witness, told the court that the term “comeback” was “over-abused” by Soh three to four years after the crash. The court also heard that a couple of “comeback” attempts were also made with two other listed companies, Sino Construction (since then renamed MMP Resources) and ISR Capital (now called Reenova Investment Holding) as well as a privately-held company called Greatronics.
SINGAPORE (July 9): John Soh, who is at the centre of a trial for allegedly manipulating three penny stocks in 2013 that subsequently led to their crash, made a couple of attempts to stage a “comeback” from losses incurred in the wake of their spectacular collapse.
According to former broker Gabriel Gan Tze Wee, who helped to carry out some of Soh’s trade orders, the latter tried to convince people around him that he had a “comeback story” and that they could all make a “solid” comeback.
