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Blumont Group
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
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
March 20, 2019
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.
June 01, 2018
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
May 31, 2018
M&A
Blumont eyes resort operator Samadhi Retreats in $43.8 mil deal
SINGAPORE (Mar 29): Blumont Group, one of the three counters at the centre of the penny stock crash saga in 2013, has entered into a term sheet for the proposed acquisition of Samadhi Retreats for up to $43.8 million.
March 29, 2018
2013 Penny Stock Crash
John Soh's legal team from WongPartnership discharges itself
SINGAPORE (Dec 8): The legal team from WongPartnership, led by deputy chairman Tan Chee Meng, has discharged itself from representing alleged penny stock saga mastermind John Soh Chee Wen.
December 08, 2017
Hot Stock
Shares in Blumont, Thakral, Mary Chia surge
SINGAPORE (Aug 25): Shares in Blumont, Thakral and Mary Chia surged this morning.
August 25, 2017
2013 Penny Stock Crash
Penny stock saga’s Blumont receives takeover offer at massive discount
SINGAPORE (Aug 24): An entity called Ultimate Horizon has made a 0.0182 cent per share offer to take over Blumont Group.
August 24, 2017
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.
August 08, 2017