John Soh Chee Wen, who has been found guilty of masterminding the 2013 penny stock crash, has been sentenced to 36 years in jail while his co-conspirator Quah Su-Ling is given 20 years.

Penny stock crash mastermind John Soh sentenced to 36 years' jail in Singapore, co-conspirator gets 20 years

Lawyers defending John Soh Chee Wen and Quah Su-Ling crossed swords with prosecutors on Friday (Nov 4) over the length of the sentence that should be passed to convicted masterminds of the 2013 penny stock saga.

2013 penny stock saga mastermind John Soh and co-conspirator Quah Su-Ling await sentencing

SINGAPORE (May 5): John Soh Chee Wen – the alleged mastermind of the 2013 penny stock crash – and his co-conspirator Quah Su-Ling, have been found guilty of several of the charges they were facing under three groups of criminal conspiracy including for forced trading, price manipulation and deception.

Singapore court finds John Soh and partner guilty of share price manipulation

SINGAPORE (Dec 3): John Soh Chee Wen — the alleged mastermind of the 2013 penny stock crash — was back in court on Dec 3, as both the prosecution and defense counsels put forth their closing submissions to Justice Hoo Sheau Peng.

Counsels put forth closing submissions as trial of John Soh and Quah Su-Ling draws to a close

SINGAPORE (June 1): John Soh’s evidence on not giving instructions on trades was challenged once again on June 1, the fourth day of the prosecution’s cross-examination.

Deputy Public Prosecutor (DPP) Teo Guan Siew showed the court several instances where Soh — the alleged mastermind of the saga — had seemingly giving instructions to Adeline Cheng Jo-Ee for trades to be made in the account of Neo Kim Hock.

Girlfriend Cheng merely 'informed' him of trades done, says Soh

SINGAPORE (May 31): John Soh — the alleged mastermind of the 2013 penny stock saga — reckons that traders had viewed his involvement in projects as a way to spur more investors to jump on the bandwagon.

Soh claims his presence was a 'catalyst' to get investments; admits to weakness for sob stories

SINGAPORE (May 28): John Soh’s stance on not giving instructions on trades in the lead up to the 2013 penny stock crash was put to the test once again on May 28, the second day of the prosecution’s cross examination.

There is a difference between confirming and reporting instructions, says Soh

SINGAPORE (May 27): It is the first day of the prosecution’s cross-examination and John Soh – the alleged mastermind of the 2013 penny stock saga – was initially adamant that he had not used a Blackberry phone extensively, let alone to give trading instructions, as was suggested by some prosecution witnesses.

To prove this, the self-professed “dinosaur” said he had embarked on an experiment of sorts to use a Blackberry phone for around one to two months to “try to make [him]self a little bit more tech-savvy”.

Soh's stance on not giving trading instructions challenged on day 1 of cross-examination

Quah Su-Ling — the co-accused in the 2013 penny stock crash — is of the view that the allegations on her involvement in the saga are based on a conspiracy theory.

Co-accused Quah claims her role in penny stock saga is a conspiracy theory based on her relationship with Soh

It is the seventh and final day of his examination-in-chief by his defence counsel and John Soh — the alleged mastermind of the 2013 penny stock saga — maintained that the trades made in the lead up to the crash were not based on instructions given by him.

Soh reinforces that he did not give trading instructions on day 7 of his defence

SINGAPORE (May 18): The trades made in the lead up to the 2013 penny stock crash were not based on instructions given by him, John Soh told the court on May 18.

Penny stock crash mastermind maintains he did not give instructions on trades

SINGAPORE (May 17): John Soh — the alleged mastermind of the 2013 penny stock saga — is of the view that the prosecution has been deceived by the trading representatives who have been called to the stand as witnesses.

Recounts of trading representatives were 'practical impossibilities' and 'total lies', says Soh

SINGAPORE (May 11): John Soh, the alleged mastermind of the 2013 penny stock saga, claims that he has a special interest in turning around troubled companies.

“I love doing deals, I love the adrenaline of doing deals,” said Soh on May 11 during the examination-in-chief by his defence counsel N Sreenivasan of K&L Gates.

However, he pauses briefly when asked if he considers himself a ‘deal junkie’.

Penny stock saga accused mastermind John Soh: I love doing deals

The long-running trial of John Soh Chee Wen and co-accused Quah Su-Ling took yet another twist with Justice Hoo Sheau Peng denying the defence counsels’ application for either a permanent, or conditional stay of proceedings on Aug 17.

Soh and Quah's application for stay of trial rejected

The debris from a missile that landed in the Ukrainian city of Kharkiv on Jan 2 was from a North Korean Hwasong-11 series ballistic missile, United Nations sanctions monitors told a Security Council committee in a report seen by Reuters on Monday.

UN experts say North Korea missile landed in Ukraine's Kharkiv

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):

QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop the plot in return for at least RM52 million.

YNH makes belated announcement about transactions involving its Segambut land

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

YTL Power, YTL Corp touch new highs

Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.

Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

A vessel that reported on Monday an explosion in its proximity, 54 nautical miles northwest of Yemen's Mokha, has sustained damage but the ship and crew are safe and proceeding to next port of call, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

Vessel sustains damage near Yemen's Mokha after explosion in its proximity, says UKMTO 

HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.

HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.

Oppstar partners with Samsung to produce industrial integrated circuits

Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with his Pakistani counterpart Muhammad Shehbaz Sharif on the sidelines of the World Economic Forum (WEF) Special Meeting here on Monday.

PM meets Pakistani counterpart, Turkiye foreign minister

The ideas and initiatives of the National TVET council and the National Entrepreneur Development Council will be coordinated to ensure the rapid development of the technopreneur section, Deputy Prime Minister Datuk Seri Dr Ahmad Zahd Hamidi said.

TVET, entrepreneur development councils to be coordinated to ensure rapid development — DPM

SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period.

Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, some projects in collaboration with Cypark

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;

QSR confirms temporary closure of KFC outlets, says it is to manage rising costs

KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.

Capital A’s passenger volume rises 17% in 1Q, load factor climbs to 90%

Twenty-eight National Service Training Programme operators nationwide have filed a multimillion-ringgit suit against the government for purported breach of the main contract resulting in losses of rental for 27 months and total losses of RM108.737 million to them.

Twenty-eight National Service Training Programme operators sue govt for RM108.74m in losses

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&amp;D) investments in anticipation of that.

ViTrox to continue to ramp up R&D investment on anticipated semiconductor recovery in 2H2024

Tin producer Malaysia Smelting Corp Bhd (MSC) on Monday declared a final dividend of seven sen per share, amounting to RM29.4 million, for the financial year ended Dec 31, 2023 (FY2023).

Malaysia Smelting Corp announces final dividend of seven sen per share

Sapura Energy Bhd has landed a five-year contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.

Sapura Energy bags underwater service contract from Thai-owned PTTEP group

HULU SELANGOR (April 29):&nbsp;Pakatan Harapan (PH) candidate Pang Sock Tao on Monday uploaded her&nbsp;academic results in the&nbsp;Ujian Pencapaian&nbsp;Sekolah Rendah&nbsp;(UPSR) and&nbsp;Sijil Pelajaran Malaysia (SPM) in reply to the challenge raised by PAS information chief Ahmad Fadhli Shaari recently.

KKB by-election: Pang takes up challenge to reveal academic results

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airports Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year. &nbsp;

No more delays for full implementation of Airports QoS Framework at KLIA, says Mavcom

KK Supermart &amp; Superstore Sdn Bhd Group founder and executive chairman Datuk Seri Dr Chai Kee Kan&nbsp;and his wife, Datin Seri Loh Siew Mui, who are facing two counts of intentionally wounding the religious feelings of others over&nbsp;the sale of socks bearing the word 'Allah', will submit a representation to the Attorney General's Chambers (AGC).

'Allah' socks: KK Mart founder, wife to submit representation to AGC

RIYADH (April 29): Malaysia and Saudi Arabia are in the midst of discussions about new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Malaysia in talks for new investments into country by Saudi Arabia

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Kuala Lumpur Kepong Bhd (KLK) said that it had completed all reimbursements of recruitment and related fees in compliance with the group’s strict no-recruitment-fee policy.

KLK says it completed reimbursement of fees following unethical recruitment allegations

Analysts have raised their earnings forecasts and target prices (TPs) for Homeritz Corp Bhd, after the group's latest set of financial results beat their expectations on higher-than-expected sales volume.&nbsp;

Analysts raise Homeritz earnings forecasts, TPs on 2Q beat despite cautious outlook

Great Eastern Holdings reported earnings of S$306.7 million (RM1.08 billion)&nbsp;for the first quarter ended March 31, 2024, 26% higher year-on-year (y-o-y), due to higher profit from the group’s insurance business.

Great Eastern sees 26% rise in 1Q profit to S$306.7m

BENGALURU (April 29): Shares in Petrofac slid to a record low on Monday, after the struggling British oilfield services firm warned it would miss a bond coupon payment due next month and forecast higher losses in its largest unit for 2023.

Penny Stock Crash

‌
‌

Penny Stock Crash

‌‌

‌
‌