Asiasons Capital

Shareholders move to oust USP chairman Li

SINGAPORE (Feb 13): Two shareholders holding 11.1% of USP Group have triggered an attempt to oust executive chairman Li Hua and executive director Raphael Tham Wai Mun.

In print this week

Charges slapped on masterminds of penny stock scheme cast new light on old reports

SINGAPORE (Dec 12): Shortly after share prices of Blumont Group, LionGold Corp and Asiasons Capital, since renamed Attilan Group, collapsed in October 2013, wiping more than $8 billion off their combined market value, news reports began circulating that a

SGX should disclose why it suspended trading of ISR shares

(Dec 5): ISR Capital is apparently miffed that recent media reports have associated it with “the three individuals charged for various offences under the Securities and Futures Act”. And, it has issued a statement that reads like a precursor to legal

ISR Capital's CEO Quah Su-Yin denies associations with 'penny stock saga' companies

SINGAPORE (Dec 2): Quah Su-Yin, CEO of ISR Capital, has issued a statement denying any association with the companies involved in the “penny stock saga”

2013 Penny Stock Crash

ISR seeking legal advice over 'inaccurate' media reports

SINGAPORE (Nov 30): ISR Capital has denied that its business activities are in any way associated with the individuals mentioned or with any of three SGX-listed companies whose trading activities are the subject of investigations by the Commercial Affairs

2013 Penny Stock Crash

John Soh Chee Wen and Quah Su-Ling charged in largest market manipulation scheme in Singapore’s history

SINGAPORE (Nov 25): John Soh Chee Wen and Quah Su-Ling have been identified as the “masterminds” behind what authorities described as “the largest market manipulation case in Singapore’s history”.

2013 Penny Stock Crash

John Soh, Quah Su-Ling and Goh Hin Calm set to be charged

SINGAPORE (Nov 25): Three key figures involved in the penny stock saga of October 2013 are expected be charged on Friday afternoon at the State Courts.

2013 Penny Stock Crash

John Soh, alleged mastermind behind penny stock crash arrested; to be charged on Friday

SINGAPORE (Nov 25): Singapore authorities on Thursday morning arrested a number of individuals who were being investigated over the 2013 penny stock crash and raided their homes.

SGX should provide market surveillance dashboard to investors, not just brokers

SINGAPORE (Oct 21): Three years ago this month, a handful of high-flying stocks lost more than $8 billion in market value within a matter of days. Six months later, in April 2014, the Commercial Affairs Department started what it has called its biggest se
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