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Magnus Energy Group
Company in the news
No exit offer proposal will be made to shareholders following delisting notice, says Magnus Energy
A potential exit offer from a major shareholder may not happen either, says Magnus.
April 10, 2023
Regulatory Action
SGX RegCo reprimands former directors of Magnus Energy; existing directors quit following delisting notice
The five individuals include former CEO Luke Ho Kee Yong.
April 06, 2023
2013 Penny Stock Crash
John Soh, alleged mastermind behind penny stock crash arrested; to be charged on Friday
SINGAPORE (Nov 25): Singapore authorities on Thursday morning arrested a number of individuals who were being investigated over the 2013 penny stock crash and raided their homes.
November 25, 2016
Magnus Energy’s trading volume due to exercise of convertible notes
SINGAPORE (Aug 23): Magnus Energy Group says the unusual trading volumes of its shares arose after Premier Equity Fund exercised its rights to convert eight convertible notes worth $400,000 into 444.4 million shares in the company.
August 23, 2016
SGX says 'death spiral' bonds need shareholders’ approval
SINGAPORE (June 21): A company that wants to issue so-called “death spiral” convertible bonds have to obtain shareholders’ approval if these bonds can be converted at a discount of more than 10% to its price or the new shares exceeds 20% of issued s
June 21, 2016