Beauty service chain Mary Chia Holdings is paying $3.05 million to buy 80% of hairdressing chain Monsoon Hairdressing.  The seller, Addy Lee, also known as Lee Eng Tat, will receive his payment in equal parts cash and new Mary Chia Holdings shares. For the half year ended June 30, Monsoon repor...

Prosecution witness Gabriel Gan stressed he would like alleged 2013 penny stock crash mastermind John Soh Chee Wen to “walk out of this court scot-free”. “You know why? So that I can collect the money he owes me. That’s a lot of money all right,” he told the court under cross examination b...

SINGAPORE (Mar 4): Prosecution witness Henry Tjoa, the former Phillips Securities remisier who was once part of the “inner circle” of brokers used by alleged masterminds John Soh Chee Wen and Quah Su-Ling, in court on Wednesday admitted to witness tampering and lying to the Commercial Affairs D...

SINGAPORE (Mar 3): Former Phillip Securities remisier Henry Tjoa admitted to raking in some $1 million in commissions from rolling the shares of LionGold Corp, Blumont Group and Asiasons Capital (now Attilan Group) over the course of a year. However, taking the stand today as a prosecution witness ...

SINGAPORE (Mar 2): Prosecution witness Henry Tjoa in court on Monday said he was concerned that he would be charged for market manipulation “from the very first day” he was roped into market rolling operations by alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling. How...

SINGAPORE (Feb 18): Former abettor-turned-prosecution witness Ken Tai Chee Ming in court on Feb 18 alleged that Richard Teng, the former chief regulatory officer of the Singapore Exchange (SGX), was feeding information to penny stock crash mastermind John Soh Chee Wen. At the time of the crash in O...

SINGAPORE (Jan 17): Prosecution witness Ken Tai Chee Ming on Friday admitted that he had raked in thousands of dollars’ worth of commissions in a single day from the trading of shares in LionGold Corp. This revelation comes despite Tai having repeatedly denied during the trial that he had made u...

SINGAPORE (Jan 16): Prosecution witness Ken Tai Chee Ming has again denied making unauthorised trades as a market operator for shares in LionGold Corp in order to churn commission for himself. The former broker was once part of the “inner circle” of brokers and remisiers used by John Soh Chee W...

SINGAPORE (Jan 10): Prosecution witness Ken Tai Chee Ming has admitted to using omnibus accounts to prevent authorities from detecting his illegal “wash trading” activities. Further, Tai revealed that he had engaged in this practice even though John Soh Chee Wen and Quah Su-Ling – the alleged...

SINGAPORE (Jan 9): The defence counsels of alleged 2013 penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling on Thursday crossed swords with state prosecutors over the potential impeachment of witness Ken Tai Chee Ming. Tai is a key substantive prosecution witness as he was once part of...