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.

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

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

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

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.

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.

Hot Stock

Shares in Blumont, Thakral, Mary Chia surge

SINGAPORE (Aug 25): Shares in Blumont, Thakral and Mary Chia surged this morning.

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.

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.
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