Blumont Group

2013 Penny Stock Crash

Penny stock saga mastermind John Soh remains under remand as argument over bail hearing continues

SINGAPORE (Aug 2): John Soh Chee Wen remains under remand, even as his lawyers on Wednesday say the prosecution has hampered their client from getting a fair shot at receiving bail by selectively putting forward information.

In print this week

Will ARA Asset Management CEO John Lim’s next prediction come true?

SINGAPORE (July 21): One of John Lim’s key predictions was that demand for Grade-A offices in Singapore would not crack despite surging supply.

In print this week

What’s going on at Alliance Mineral Assets?

SINGAPORE (July 14): Shares in tantalum mining company Alliance Mineral Assets (AMA) were suspended from trading this morning as the company said it needed more time to release an update on its Bald Hill Project.

2013 Penny Stock Crash

USP Group calls EGM but skips requisitioning members' concerns

SINGAPORE (March 24): USP Group, which has been facing a minority revolt, has finally called an extraordinary general meeting. But it is not quite for the reasons listed in the shareholders' requisition.

2013 Penny Stock Crash

John Soh could face longest-ever jail term for financial crime in Singapore

SINGAPORE (March 3): Chia Teck Leng, a former accountant at Asia Pacific Breweries, made history 13 years ago when he was convicted of cheating four banks of $117 million and sentenced to 42 years’ jail.
John Soh Chee Wen

2013 Penny Stock Crash

Penny stock saga’s alleged mastermind John Soh denied bail; faces total of 188 charges

SINGAPORE (Feb 28): John Soh Chee Wen, the alleged mastermind behind the October 2013 penny stock saga, has been charged with seven new counts of witness tampering. 

In print this week

Charges slapped on masterminds of penny stock scheme cast new light on old reports

SINGAPORE (Dec 12): Shortly after share prices of Blumont Group, LionGold Corp and Asiasons Capital, since renamed Attilan Group, collapsed in October 2013, wiping more than $8 billion off their combined market value, news reports began circulating that a

SGX should disclose why it suspended trading of ISR shares

(Dec 5): ISR Capital is apparently miffed that recent media reports have associated it with “the three individuals charged for various offences under the Securities and Futures Act”. And, it has issued a statement that reads like a precursor to legal

ISR Capital's CEO Quah Su-Yin denies associations with 'penny stock saga' companies

SINGAPORE (Dec 2): Quah Su-Yin, CEO of ISR Capital, has issued a statement denying any association with the companies involved in the “penny stock saga”

2013 Penny Stock Crash

ISR seeking legal advice over 'inaccurate' media reports

SINGAPORE (Nov 30): ISR Capital has denied that its business activities are in any way associated with the individuals mentioned or with any of three SGX-listed companies whose trading activities are the subject of investigations by the Commercial Affairs
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