Blumont

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.
John Soh Chee Wen

2013 Penny Stock Crash

Bail hearing of John Soh adjourned to Feb 28

SINGAPORE (Jan 6): The bail hearing of John Soh Chee Wen, the alleged mastermind behind the penny stock crash of 2013, will next be held on Feb 28, the court decided on Friday afternoon.
John Soh Chee Wen

2013 Penny Stock Crash

Next bail hearing of John Soh to be held on Jan 6

SINGAPORE (Dec 29): The next bail hearing of John Soh Chee Wen, the alleged mastermind behind the penny stock crash of 2013, has been fixed on Jan 6.

7 executives of Platinum Partners charged with US$1 bil fraud

SINGAPORE (Dec 21): Back in November 2013, The Edge Singapore reported a US-based hedge fund called Platinum Partners, and entities linked to it, had agreed to provide some US$560 million ($809 million) in funding to Asiasons Capital (now known as Attilan

Prosecutors confirm links between ISR Capital and John Soh

SINGAPORE (Dec 20): Prosecutors in court on Tuesday confirmed links between ISR Capital and penny stock saga mastermind John Soh Chee Wen.

Results

Blumont reports smaller net loss in 3Q; says mineral and energy business remains risky

SINGAPORE (Oct 26): Blumont Group reported 3Q net loss narrowed 10% to $3.9 million from a year ago as revenue rose 5% to $853,000.

In print this week

US hedge fund that dealt with Asiasons, Blumont, LionGold files for bankruptcy

(Oct 24): Two Platinum Partners hedge funds have sought US Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in the New York federal court on Oct 18. In August, a Cayman Islands court ordered

Market Close

STI closes 0.07% lower at 2,842.62

SINGAPORE (Oct 20): Singapore stocks gave up early gains on Thursday and closed marginally lower, on broadly weaker regional cues and a fall in oil prices.

2013 Penny Stock Crash

Blumont reaches out of court settlement with The Edge on defamation suit

SINGAPORE (Oct 18): Blumont has reached a global out-of-court settlement with The Edge media group in Singapore and Malaysia.
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