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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
March 08, 2019
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
February 11, 2019
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
January 10, 2019
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.
January 03, 2019
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
December 22, 2018
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
November 26, 2018
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
November 23, 2018
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
November 16, 2018
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
November 15, 2018
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
November 09, 2018