SINGAPORE (March 1): LionGold Corp, one of the three penny stocks at the centre of the October 2013 saga, has come forth to announce that its senior executive, Peter Chen, is no longer with the company.
In a Wednesday clarification filed to the Singapore Exchange (SGX), the company refers to an article by The Edge Markets published yesterday where an alleged witness of John Soh’s newest charges, Peter Chen, was referred to as a “senior executive with LionGold Corp”.
(See also: Penny stock saga’s alleged mastermind John Soh denied bail; faces total of 188 charges)
“The company wishes to clarify that Mr Peter Chen Hing Woon has resigned from the Group with effect from 1 January 2017 and is no longer serving in any capacity in the group,” writes Raymond Tan, executive director of LionGold.
However, as at 6.40pm on Wednesday, Chen is still listed as the group’s director, business & corporate development, on its company website as a member under ‘Key Management’.
