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

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 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

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

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

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.

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.

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

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.
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