Magnus Energy

A potential exit offer from a major shareholder may not happen either, says Magnus.

SGX has also directed the company to delist; three of its existing directors will soon step down

The five individuals include former CEO Luke Ho Kee Yong.

The same directors ousted the previous board just six months ago

As the disposal involves negative relative figures, Magnus Energy was required to consult SGX RegCo on the transaction, but failed to do so.

SINGAPORE (Nov 25): A group of minority shareholders of Magnus Energy shot down all the resolutions put forward at the recent annual general meeting on Oct 30. They ousted three of the directors and blocked the reappointment of the external auditor as wel

SINGAPORE (Feb 6): Magnus Energy, the oil & gas company which is seeking to diversify into biofuel production, reported 2Q losses narrowed to $0.9 million from $1.4 million a year ago.

SINGAPORE (Nov 25): Three key figures involved in the penny stock saga of October 2013 are expected be charged on Friday afternoon at the State Courts.

SINGAPORE (Sept 22): Singapore stocks closed 4.68 points lower to 2,846.06 on Tuesday, after giving up early gains associated with a monetary policy decision overnight from the US Federal Reserve.

SINGAPORE (Sept 16): Singapore stocks closed higher on Friday, the first gain in five days following overnight strength on Wall Street and investors take advantage of the recent decline.