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 surge in new mall inaugurations in the city is far from posing competition for Suria KLCC, as they complement one another, said KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.

New mall openings complement each other rather than compete, says CEO of KLCCP Stapled Group

Capital A’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years.

NEWS: Fernandes to be Capital A CEO for another five years

KUALA LUMPUR (April 24): AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income.

AME REIT’s 4Q net property income jumps 12%, declares 1.86 sen distribution per unit

Capital A CEO Tan Sri Tony Fernandes clarified today that it will be AirAsia Consulting, not AirAsia, that is bidding for SriLankan Airlines.

NEWS: AirAsia Consulting, not AirAsia, bidding for SriLankan Airlines

Jiankun International Bhd has inked a memorandum of understanding (MOU) with Micro Energy Holdings (M) Sdn Bhd to equip one of its residential developments named Taman Panchor Jaya in Nibong Tebal, Penang, with solar photovoltaic (PV) systems.

Jiankun partners Micro Energy to equip homes in Penang's Taman Panchor Jaya with solar PV systems

Malaysia is currently working on a free trade agreement (FTA) with the European Union (EU), according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, after initial negotiations between the two parties reached an impasse about 12 years ago.

Malaysia-EU FTA back on the table, says Zafrul

Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.

Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.

OCR Group inks JV agreement for residential development in Rawang

Malaysia's trade with China rose 3% year-on-year (y-o-y) in the first quarter of 2024 (1Q2024), following a better-than-expected gross domestic product (GDP) growth seen in the world's second largest economy during the quarter, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia-China trade improved amid republic's better-than-expected 1Q growth, says Zafrul

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

Muhammad Ikmal of Widad ceases to be Dataprep’s substantial shareholder as shares sale continues

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;

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