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Blumont Group
2013 Penny Stock Crash
2013 penny stock crash mastermind and co-conspirator sentenced, drawing saga closer to closure
Justice Hoo highlights the necessity of the substantial sentencing to capture the gravity of the duo’s wrongdoing.
December 28, 2022
Property
Blumont Group disposes vacant land in Malaysia for $6.5 mil
The excess of the proceeds over the property’s book value is around $2.0 million.
September 15, 2021
2013 Penny Stock Crash
Brokers in Soh's inner circle paranoid of communicating openly after crash
The brokers include Gabriel Gan Tze Wee and Henry Tjoa Sang Hi, who had gone to the extent of getting Soh a disposable phone.
June 18, 2021
2013 Penny Stock Crash
Good stories, not manipulations, behind interest in penny stocks, claims Soh
John Soh says "rogue" traders in his inner circle made him the scapegoat when CAD probe on manipulation of penny stocks started.
May 21, 2021
2013 Penny Stock Crash
Takeover offers for LionGold spurned: Soh
John Soh actively promoted LionGold to turn it around, thought plan was working well when big names started to invest in the firm.
May 21, 2021
2013 Penny Stock Crash
Wash-trading of BAL shares prevalent in months leading up to crash: expert witness
Expert witnesses take the stand in John Soh's trial, give evidence showing BAL stocks could have been manipulated before big crash
May 07, 2021
2013 Penny Stock Crash
James Hong of Blumont lost US$50 mil from crash but will 'leave it as such'
Former executive director of Blumont James Hong claims query by SGX over high value of shares caused stock to crash in 2013.
April 30, 2021
2013 Penny Stock Crash
Witness Ken Tai admits to market manipulation for his own gain after lengthy cross-examination
SINGAPORE (Oct 4): A witness in the trial of the alleged masterminds of the 2013 penny stocks crash, John Soh Chee Wen and Quah Su Ling, today admitted to manipulation of the stock market for his own gain.
October 04, 2019
2013 Penny Stock Crash
Witness Ken Tai 'disgusted' by the way boss John Soh treated his closest allies
SINGAPORE (Oct 3): John Soh Chee Wen, alleged mastermind of the 2013 penny stock crash, was a boss who did not treat closest members of his market-rolling gang well.
October 03, 2019
2013 Penny Stock Crash
More tales of jealousy, betrayal emerge in penny stock trial
SINGAPORE (Oct 2): More tales of jealousy and betrayal have emerged from the trial of John Soh Chee Wen and Quah Su-Ling, as former abettor-turned-prosecution witness Ken Tai Chee Ming (image) returned to the stand on Wednesday.
October 02, 2019