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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.
August 02, 2017
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.
July 21, 2017
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.
July 14, 2017
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.
March 24, 2017
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.
March 03, 2017
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.
February 28, 2017
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
December 14, 2016
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
December 06, 2016
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”
December 02, 2016
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
November 30, 2016