2013 penny stock crash

2013 Penny Stock Crash

Alleged 'treasurer' Goh Hin Calm to testify against Soh, Quah

SINGAPORE (Mar 8): The trial of the largest case of stock market manipulation in Singapore’s history was to have started on March 11. But in a twist of events at the 11th hour, Goh Hin Calm, one of the three defendants, has become a witness for the pros

From the archives

What is the future of the Singapore stock market?

Amid the slow pace of IPOs, the lure of private-equity funding, and a string of corporate scandals, it might seem like the local stock market has seen better days. Our distinguished roundtable panellists do not entirely share that perspective, but they do

Management & Corporate Governance

SGX RegCo orders ISR Capital to seek shareholders' approval for waiver of condition

SINGAPORE (Jan 10): Singapore Exchange Regulation (SGX RegCo) has ordered the ISR Capital to hold an extraordinary general meeting (EGM) as soon as possible to seek shareholder approval for the waiver of condition related to its acquisition of a mining co

Management & Corporate Governance

ISR Capital spurns SGX request to seek shareholder nod for waiver of condition for acquisition

SINGAPORE (Jan 3): ISR Capital has rejected a call by Singapore Exchange for the company to seek shareholder approval for the waiver of a condition precedent to its acquisition of a Madagascar mining asset.

Management & Corporate Governance

Innopac chairman and CEO Wong Chin Yong, independent directors resign

SINGAPORE (Dec 21): Innopac Holding CEO and chairman Wong Chin Yong will resign from the company effective Mar 31, 2019, as part of a deal that is likely to see a new group of shareholders taking control. With immediate effect, Wong will also step down as

Commentary

Noble case underscores need for regulatory reform, new growth strategy for local market

SINGAPORE (Nov 26): On a Saturday afternoon in 2015, I returned a telephone call to an individual at a public relations firm who had tried to reach me earlier in the day. He was acting for Noble Group, and intimated that he had called me as part of an eff

In print this week

Exceptionalism has no comparison

SINGAPORE (Nov 23): For decades, Singapore has thrived on the idea that it is, in a word, exceptional. “We are a small country in this part of the world and to survive, you have to be exceptional,” Prime Minister Lee Hsien Loong said at a May Day Rall

Management & Corporate Governance

Innopac to engage valuer on businesses it plans to dispose after further queries by SGX

SINGAPORE (Nov 16): Innopac Holdings, one of the companies linked to John Soh Chee Wen, the alleged mastermind behind the 2015 penny stock crash, has agreed to engage a valuer to assess a clutch of businesses to be sold to CEO Wong Chin Yong at a steep di

M&A

ISR Capital's acquisition target receives renewal of exploration permit

SINGAPORE (Nov 15): Tantalum Rare Earth Malagasy S.A.R.L.U (TRE), a company that holds the exploration licence to a Madagascar rare earth concession, has received a three-year renewal that gives exclusive rights up till Nov 2021, says ISR Capital in an SG

Corporate moves

LionGold appoints Selvanayagam to replace post vacated by Nik Ahmad Kamil

SINGAPORE (Nov 9): LionGold Corp, one of the three companies whose shares were allegedly manipulated by John Soh Chee Wen and his accomplices, has appointed a new chairman to replace Nik Ahmad Kamil, who stepped down as executive chairman on July 30 this
×