by Ganesh Sahathevan
In June 2013 this writer warned that The Star's promotion of SGX listed LionGold was at best, advertising divorced from reality:
Singapore's LionGold over rated -Company and its media supporters seem blind to the Castlemaine curse
Emails to The Star's editor Wong Chun Wai , and the writer of the Liongold story, Risen Jeyaseelan, were met with the usual threats of lawsuits for defamation, and the declaration that the story had been subjected to The Star's usual high standards of fact checking and analysis. By October 2013, just three months after this writer's warnings, Liongold and associated companies share price collapsed in what has become known as the SGX penny stock crash that wiped out some SGD 8 Billion in just one day.
A number of persons have been convicted for crimes that Singapore prosecutors called “the most audacious, extensive and injurious market manipulation scheme ever in Singapore”. The cases are ongoing:
Malaysian John Soh Chee Wen, 61, and his girlfriend Quah are accused of masterminding Singapore’s most serious case of stock market manipulation.
The Star's editor Wong Chun Wai has just been appointed a non-executive director of Malaysian listed Berjaya Toto Bhd.
TO BE READ WITH
Thursday, June 24, 2021
Leading Malaysian PR and advertising man Wong Chun Wai appointed non-executive director of Berjaya Sports Toto Bhd
SEE ALSO
Robin Tan appointed as new BToto chairman
Syafiqah Salim/theedgemarkets.com
June 01, 2021 21:12 pm +08-A
KUALA LUMPUR (June 1): Berjaya Sports Toto Bhd (BToto) has appointed Datuk Sri Robin Tan Yeong Ching as the group’s chairman effective today.
He replaces Tan Sri Tan Kok Ping, who has resigned after serving the group since August 2018, BToto said in a statement.
Robin previously served as BToto's CEO for 12 years from December 2006 until June 2018, the group noted.
BToto has also appointed Derek Chin Chee Seng as its executive director and Datuk Seri Wong Chun Wai as independent non-executive director.
"Derek Chin and Datuk Seri Wong Chun Wai also bring diverse experience, unique talent and proven leadership that will help guide and support the group’s strategies and goals, and we look forward to their contributions as we continue to bring further growth to the group,” said BToto CEO Nerine Tan in the statement.
The group said its new board also includes Seow Swee Pin (executive director), Datuk Oon Weng Boon (independent non-executive director) and Datuk Robert Yong Kuen Loke (senior independent non executive director).
Following these new boardroom changes, BToto is looking forward to their contributions to bring further growth, as well as support the group’s strategies and goals.
At market close, BToto shares were unchanged at RM1.98, valuing the group at RM2.66 billion. The counter saw some 411,300 shares done.
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