Asiasons Capital

2013 Penny Stock Crash

Banks, brokerages incurred over $350 million in losses from penny stock crash

SINGAPORE (Mar 20): Banks, brokerages and other financial institutions suffered a total of more than $350 million in unpaid losses in the wake of the October 2013 crash of Blumont Group, LionGold Corp and Asiasons Capital (now known as Attilan Group), acc

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.

2013 Penny Stock Crash

2013 penny stock crash case to go to trial

SINGAPORE (June 1): The three individuals accused of being the masterminds behind the October 2013 penny stock crash will go to trial, the Singapore court decided on Friday.

2013 Penny Stock Crash

Defence lawyers for alleged masterminds attempt to pin 2013 penny stock crash on forced selling

SINGAPORE (May 31): The defence team for John Soh Chee Wen, Quah Su-Ling, and Goh Hin Calm – the trio facing trial for the October 2013 penny stock saga – in court today tried to prove that their clients were not responsible for the crash, which wiped

2013 Penny Stock Crash

Three-day committal hearing into 2013 penny stock crash starts

SINGAPORE (May 30): The committal hearing for the three individuals charged for the October 2013 penny stock crash started on Wednesday.

2013 Penny Stock Crash

John Soh fails in bid to gain access to additional documents from prosecutors

SINGAPORE (Aug 8): A High Court judge has rejected an application by alleged penny stock saga mastermind John Soh Chee Wen for additional documents and materials from state prosecutors to support his bail application.

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.

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.
John Soh Chee Wen

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. 
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