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Innopac Holdings
Deals, joint ventures & alliances
Innopac to enter joint venture to develop land in Perak into an industrial park
Malaysian developer Wanland Metro is proposing to develop 48.4 acres of land owned by Innopac into an industrial park.
June 10, 2021
M&A
Innopac to acquire shares in FEC Power
The consideration for the proposed acquisition has yet to be determined.
June 08, 2021
2013 Penny Stock Crash
Failed Innopac deal portends mining magnate Gutnick’s woes in Australia
SINGAPORE (May 20): The Australian Securities and Investments Commission (ASIC) is seeking judicial permission to wind down mining company Merlin Diamonds. The regulator is also probing into whether its chairman Joseph Gutnick failed in his duties.
May 20, 2019
Management & Corporate Governance
$0.49 mil accrued to outgoing Innopac CEO for unused leave dating back 2008
SINGAPORE (Dec 27): Innopac Holdings disclosed on Wednesday that $491,921 was accrued to CEO Wong Chin Yong for unused leave from 2008 till 2018.
December 27, 2018
Management & Corporate Governance
Innopac chairman and CEO Wong Chin Yong, independent directors resign
SINGAPORE (Dec 21): Innopac Holding CEO and chairman Wong Chin Yong will resign from the company effective Mar 31, 2019, as part of a deal that is likely to see a new group of shareholders taking control. With immediate effect, Wong will also step down as
December 22, 2018
Management & Corporate Governance
Innopac to engage valuer on businesses it plans to dispose after further queries by SGX
SINGAPORE (Nov 16): Innopac Holdings, one of the companies linked to John Soh Chee Wen, the alleged mastermind behind the 2015 penny stock crash, has agreed to engage a valuer to assess a clutch of businesses to be sold to CEO Wong Chin Yong at a steep di
November 16, 2018
2013 Penny Stock Crash
Innopac's bid to resume shares trading rejected by SGX
SINGAPORE (Oct 27): Innopac Holdings, one of the companies linked to alleged penny stock saga mastermind John Soh, said On Oct 26 that its application to resume trading of its shares has been rejected the Singapore Exchange.
October 27, 2018
2013 Penny Stock Crash
Innopac selling 8.4 billion new shares to investors; plans to cut loose troubled units
SINGAPORE (Oct 9): Innopac Holdings, one of the companies tainted by its involvement with the penny stock crash of Oct 2013, is likely to see a new group of shareholders taking control. At the same time, the company plans to cast away a clutch of subsidia
October 09, 2018
Management & Corporate Governance
Innopac hit with letter of demand for $14.7 mil; asks for trading suspension
SINGAPORE (June 7): Investment holding company Innopac Holdings has received a letter of demand from Saxo Bank.
June 07, 2018
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”.
November 25, 2016