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Asiasons Capital
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Attilan lays bare links between directors past and present and vendor of acquisition target
SINGAPORE (July 3): Attilan Group, the penny stock which is urgently searching for a new core business before being forcibly delisted, has disclosed more relationships between its directors – both past and present -- and the seller of its acquisition ta
July 03, 2019
2013 Penny Stock Crash
Attilan in RTO deal to transform into entertainment content producer despite delisting notice
SINGAPORE (June 27): Attilan Group, which has received a notice to delist from the Singapore Exchange on June 4, may get a new lease of life given the company is in talks with Tremendous Opportunity Fund I LP for the proposed reverse takeover of Tremendou
June 27, 2019
2013 Penny Stock Crash
Broking firm filed suspicious transaction reports for accounts, says witness
SINGAPORE (May 16): Brokerage firm KGI Securities had filed Suspicious Transaction Reports (STRs) for three of 20 trading accounts allegedly manipulated by the masterminds behind the 2013 penny stocks crash, the court heard on Thursday.
May 16, 2019
2013 Penny Stock Crash
Witnesses stand up to questioning; Coutts reveals hefty losses from crash
SINGAPORE (May 13): Four of the six prosecution witnesses who have testified so far at the trial of John Soh Chee Wen and Quah Su-Ling have been remisiers. The two who took the stand last week, however, stood up significantly better than the earlier two u
May 13, 2019
2013 Penny Stock Crash
Onus on trade reps to obtain proper third-party authorisation: OCBC Securities
SINGAPORE (May 9): Woon Kok Yan, head of risk management of OCBC Securities, placed the blame squarely on trade representatives for failing to obtain formal third-party authorisation, when he took the stand in court on Day 13 of the penny stock manipulati
May 09, 2019
2013 Penny Stock Crash
Prosecution witness Lee accused of lying and concealing facts in court
SINGAPORE (May 6): The trial of John Soh Chee Wen and Quah Su Ling resumed on Monday with defence counsels accusing former Lim & Tan remiser Andy Lee Chee Wee of lying and concealing facts in court.
May 06, 2019
In print this week
Trial paints ugly picture of brokerage industry’s practices
SINGAPORE (May 3): With local brokerage firms already under siege from slumping commissions and waning investor interest, the ongoing trial of John Soh Chee Wen and Quah Su-Ling in relation to the 2013 penny stock crash is unlikely to improve industry
May 03, 2019
2013 Penny Stock Crash
The charismatic bankrupt who allegedly pulled the strings behind Singapore's largest stock manipulation scandal
SINGAPORE (Mar 26): Garbed in purple overalls, John Soh Chee Wen cuts a relaxed figure as he takes his seat. The garment falls fittingly on his athletic frame, not unlike a designer suit. It could well have made a fashion statement, save for the word "
March 26, 2019
In print this week
Trial of John Soh starts on Monday; here's the backstory
SINGAPORE (Mar 22): The long-awaited trial of John Soh, the alleged mastermind behind the manipulation of shares in Blumont, LionGold and Asiasons Capital (now Attilan Group) back in 2013, will start on Monday.
March 22, 2019
Commentary
Hunting for the truth redux: Our coverage of the penny stock saga attracted threats and lawsuits
SINGAPORE (Mar 22): If there’s one story published by The Edge Singapore that I will never forget, it will probably be “Hunting for the truth” (Issue 641, Sept 1, 2014). The piece was intended to mark the first anniversary of the steep rise and sudd
March 22, 2019