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John Soh Chee Wen
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
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 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
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
In print this week
John Soh-linked ISR Capital gets nod for Tantalum deal, but further hurdles remain
SINGAPORE (Nov 5): For more than two years, ISR Capital has attracted intense scrutiny from regulators and unflattering media headlines in its bid to acquire a stake in a rare-earth mining asset in Madagascar. Following the go-ahead from the Singapore Exc
November 09, 2018
M&A
ISR Capital says chairman's statement at EGM mistranslated
SINGAPORE (Nov 1): Just a day after an extraordinary general meeting, Mainboard-listed ISR Capital announced that a statement forecasting profits in three years by executive chairman Chen Tong had been mistranslated by his Chinese-to-English interpreter.
November 01, 2018
2013 Penny Stock Crash
Penny stock saga-linked IPCO International renames as Renaissance United
SINGAPORE (Oct 30): Shareholders of IPCO International, one of the nearly dozen companies linked to penny stock saga of 2013, has approved the change of name to Renaissance United.
October 30, 2018
M&A
Shareholders approve ISR Capital's bid to acquire Madagascar rare earth asset
SINGAPORE (Oct 30): After two years fraught with controversy, ISR Capital has finally received the shareholder approval to acquire a rare earth mining asset in Madagascar for $3 million. The deal is worth less than a tenth of the $40 million figure first
October 30, 2018
2013 Penny Stock Crash
Innopac's bid to resume shares trading rejected by SGX
SINGAPORE (Oct 27): Innopac Holdings, one of the companies linked to alleged penny stock saga mastermind John Soh, said On Oct 26 that its application to resume trading of its shares has been rejected the Singapore Exchange.
October 27, 2018