Last Friday, March 12, the company refuted postings online and in chat groups alleging that the company’s management including Koh was in a pump and dump scheme in collusion with unnamed institutional investors.
Peter Koh, CEO of Oceanus Group, bought 12.5 million shares at an average of 4.07 cents each on March 15, paying just a total of $508,962.50
Koh, who has led the successful turnaround of the company, now holds nearly 2.5 billion shares, or 10.28%
