Posted by Nallayak > 2013-11-07 13:55 | Report Abuse

it's a gamble but they are no longer in top active lists which is worrisome, the punters seems to be chasing something else

Posted by PJTrader > 2013-11-07 20:04 |

Post removed.Why?

Posted by Nallayak > 2013-11-13 09:17 | Report Abuse

what did Tong Kooi Ong have to say , will be interesting in Edge daily, please share

Posted by inphyy > 2013-11-14 21:03 | Report Abuse

Asiasons - THIRD QUARTER RESULTS * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_43FF573D1F5A52E148257C230042158D/$file/ACL-Q3_Jul-Sep_and_9M_Jan-Sep_ending_30_Sep_2013.pdf?openelement

Posted by dragonslayer > 2013-11-14 21:28 | Report Abuse

wow! ony company among the 3 designated co that with such good result. bravo! sure cheong tomorrow.

Posted by inphyy > 2013-11-15 12:19 | Report Abuse

TGIF...no cheer plus after reading these news

AmBank recovers RM15m in exposures from trading 3 SGX stocks
http://sg.finance.yahoo.com/news/ambank-recovers-rm15m-exposures-trading-110006579.html

Market integrity is responsibility of all parties
http://www.businesstimes.com.sg/premium/companies/others/market-integrity-responsibility-all-parties-20131115

victims in sweats when see "owe $ pay $" words. Those not involve investors think twice before enter the market.

It is a dark Friday.

Posted by Nallayak > 2013-11-15 12:27 | Report Abuse

weakness in SGX system exploited by big shorsellers

Posted by Nallayak > 2013-11-17 16:12 | Report Abuse

wekness in margin control exploited. total losses to brokers expected 750M less recovery

Posted by Nallayak > 2013-11-20 12:53 | Report Abuse

Azlan is the biggest clown ex regulator other than Hunk Paulson with counter that falls everyday despite shareholder pumps money in via convertible bond, sold Proton assets for $1 just don't sell all minority shareholders for same value

Posted by albertlaw > 2013-11-22 23:26 | Report Abuse

Date: 22-Nov-2013 19:05) Posted:

Lawsuits shine light on Goldman?s role in Asiasons, Blumont and LionGold crash

FRANKIE HO, The Edge
25 November 2013

Ipco International CEO Quah Su-Ling is taking a unit of Goldman Sachs to court for losses suffered during the collapse of Asiasons Capital, Blumont Group and LionGold Corp early last month. According to legal papers filed on Nov. 20 with the High Court in the UNK and seen by The Edge Singapore, the case revolves around a loan that Quah took from the bank to buy shares in two of these companies.

Quah opened a private wealth management account with UK-incorporated Goldman Sachs International in February, with the intention of taking a loan to buy shares in LionGold. She was introduced to the bank by an investment consultant named William Chan, who heads a Singapore-based investment management firm.

Under the loan agreement with Goldman, Quah initially pledged three million Asiasons shares as collateral for the credit facility. She first invested in Asiasons in 2008, and became a shareholder of Blumont shortly afterwards.

With the money from Goldman, she proceeded to buy LionGold shares, which, together with her Blumont shares, were subsequently placed in her investment portfolio as collateral to extend her loan facility. As the amount and value of her LionGold shares grew over time, the size of her loan increased correspondingly.

By Oct. 1, it had increased to more than $61m, from $12.4m at the time she became a Goldman client.

When Blumont announced in July that it planned to raise funds through a rights issue, Quah was told she could tap her credit line from the bank to subscribe for the rights shares. She agreed to take up her full entitlement to the rights issue on Oct. 1, using the loan from Goldman, and instructed the bank on the same day to proceed accordingly.

Abrupt U-turn

To her surprise, the bank called her on the morning of Oct. 2 to demand that she repay her entire loan in cash by 1.30pm the same day. It?s unclear why Goldman suddenly decided to pull the credit line.

By 1.37pm that day, she was served a notice of default through an email stating she had failed to meet her obligations to the bank, which proceeded immediately to sell her shares in Asiasons, Blumont and LionGold. On Oct. 2, Goldman sold 1.2m of Quah?s shares in Asiasons at $2.79 each. The following day, it sold more of her shares in Asiasons, in two batches, at $2.7524 and $2.7144 apiece respectively.

In seeking to prevent more forced sales, Quah found a buyer on Oct. 3 for her shares in LionGold and Blumont. The next day, she informed Goldman about the buyer ? Vicario Investments from Hong Kong ? and instructed the bank to stop force-selling her shares.

Goldman continued, however, to offload her shares on the market. On Oct. 4, before the Singapore Exchange halted trading on the three counters an hour after the opening bell, the bank sold 292,833 of Quah?s shares in Asiasons for $2.4246 each and 230,667 LionGold shares for $1.2372 apiece. By the time trading was suspended that morning, shares of Asiasons, LionGold and Blumont were down to $1.04, $0.875 and 0.88 respectively.

Other casualties revealed

Around that time, Quah found out that Goldman had also issued a notice of demand to three other individuals seeking payment of their outstanding loans. They include James Hong, Blumont?s executive director and Ng Su Ling, who resigned as Blumont?s independent director on Nov. 18. All three defaulted on their loan obligations, according to court documents filed by Quah?s lawyers.

Ng, too is taking legal action on her own against Goldman. She tells The Edge Singapore that she signed a margin financing agreement with the bank in June. ?I have filed a claim form, which is akin to a writ in Singapore. That would mean the commencement of a lawsuit. Notice of commencement has been sent to their lawyers in Singapore.? Her case will also be heard in UK.

?I can only say at this point that the suit is in connection with agreements signed with Goldman Sachs International and Goldman Sachs Singapore. In relation to the particulars of the claim, I cannot give them to you at the moment because my solicitors are working on it. It is a personal suit,? says Ng who has hired a Queen?s Counsel and solicitors from Reynolds Porter Chamberlain LLP (RPC), a London-based corporate law firm. RPC, which has offices in the UK, Singapore and Hong Kong, is known for taking on cases involving professional negligence.

Quah, too, has engaged a Queen?s Counsel to fight her case. Court papers filed by her lawyers from London-based Wiggin LLP allege a breach of duty on the part of Goldman. A breach of duty occurs when one person or company has a duty of care towards another but fails to live up to that standard.

Among other things, Quah?s lawyers claim that the bank had ?perversely and irrationally threatened? the dump her investments on the open market and had inde

Posted by inphyy > 2013-11-23 01:08 | Report Abuse

Thanks for the news.

Posted by ReallyLOL > 2013-11-24 12:22 | Report Abuse

It will be interesting to see Goldman's version of events. SGX should reveal the names of the substantial shareholders or directors if they were involved in lending their scripts to the short sellers.

Posted by Nallayak > 2013-11-25 14:13 | Report Abuse

Goldman will ask for arbitration to keep out of open court

Posted by inphyy > 2013-11-28 13:27 | Report Abuse

Broker seeks to recover US$68m from 10 clients

http://www.singaporelawwatch.sg/slw/headlinesnews/33725-broker-seeks-to-recover-us68m-from-10-clients.html?utm_source=rss%20subscription&utm_medium=rss

Posted by Nallayak > 2013-11-28 16:36 | Report Abuse

Mareva injunctions ex parte most likely but some daring banks may ignore and still do forced selling

Posted by Peter Chen > 2013-11-29 20:21 | Report Abuse

How Soh Chee Wen planned his come back

http://klse.i3investor.com/blogs/kianweiaritcles/41234.jsp

Posted by Nallayak > 2013-12-05 14:14 | Report Abuse

this Azlan helmed co how can be so low, ex Regulator also ppl don't care, maybe Dr M is correct in condemning him selling Proton assets away for a song. Better see who else dr M condemn

Posted by ReallyLOL > 2013-12-06 17:14 | Report Abuse

Problem now lies with the SGX who are taking their own sweet time with their probe. Long over due. This should be a straightforward exercise. Just take a look at the shareholders register and the names of the sellers would be revealed.

Posted by Nallayak > 2013-12-06 19:31 | Report Abuse

goldman Sex short big time exploiting weak sGX no circuit breaker system, back in 1997, ocbc shorted to below 4 so they can short any shr they want is a given.

Posted by ReallyLOL > 2013-12-07 10:27 | Report Abuse

The shareholders register would show who lent the shares to them and the SGX transaction records would show the names of the sellers. What's taking the SGX so long to reveal their findings?

Posted by inphyy > 2013-12-09 13:00 | Report Abuse

Asiasons - REQUEST FOR TRADING HALT

Posted by albertlaw > 2013-12-09 19:12 | Report Abuse

Lion has been making losses but backed by its ounce of gold..Bluemont and Asiasons have been making profits since 2009 except for recent results 3rd quarter year 2013 due to provisions for impairement..Lion tested its low of 15cts and rebounded and Bluemont tested 0.056 and Asiasons about 11cts ..when all those have to cut already cut and those shortists may have to cover now at big losses..reversal fortune..good luck to all

Posted by inphyy > 2013-12-10 22:19 | Report Abuse

What happening...? 2 trading days "H". After 3 trading days will turn to "S"

Posted by inphyy > 2013-12-12 13:42 | Report Abuse

Asiasons - PROPOSED ACQUISITION OF 20% OF COMMON UNITS IN BLACK ELK ENERGY OFFSHORE OPERATIONS LLC

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=1025324&fileId=ACL_TermSheet.pdf


REQUEST FOR LIFTING OF TRADING HALT

Date of Lifting of Trading Halt * 12/12/2013
Time of Lifting of Trading Halt * 1345 hours

Posted by Nallayak > 2013-12-14 16:25 | Report Abuse

this time they will set a trap for the short sellers

Posted by inphyy > 2013-12-15 15:15 | Report Abuse

Asiasons salvages deal with US oil firm

http://www.stjobs.sg/career-resources/workplace-success/asiasons-salvages-deal-with-us-oil-firm/a/146799

Posted by Nallayak > 2013-12-15 15:41 | Report Abuse

asiasons to prove short sellers wrong

Posted by Nallayak > 2013-12-15 18:02 | Report Abuse

Jarr Lim dad in law maybe the next King maker of the President of MCA and politicians make the best businessman

Posted by inphyy > 2013-12-16 12:09 | Report Abuse

PROPOSED PLACEMENT

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=1025607&fileId=ACL-20131216-Ann-Expiry_of_Placement.pdf

Posted by Peter Chen > 2013-12-19 13:33 | Report Abuse

Never say died atititude of Tan Sri Lee Kim Yew
李金友不認輸‧重振綠野聲威
http://aseantradinglink.blogspot.com/2013/12/never-say-died-atititude-of-tan-sri-lee.html

Posted by Peter Chen > 2014-01-07 11:25 | Report Abuse

What happen in 2013
2013年最资深有经验美丽的企业公主
http://aseantradinglink.blogspot.com/2014/01/what-happen-in-2013.html

Posted by Nallayak > 2014-01-21 13:48 | Report Abuse

This yr son in law don't know dare to visit father in law on CNY, nearly dragged the daughter into investigation

Posted by jaijai > 2014-04-04 21:01 | Report Abuse

http://biz.sinchew.com.my/node/92800?tid=6

Posted by jaijai > 2014-04-04 21:08 | Report Abuse

MAS now check whether the offense involved. Tan Sri Lee Kim Yew daughter Lee Cheng Lin as per Country Heights Holding Bhd Director be in investigate. This news out really effect reputation for all Country Height Company and Subsidiaries company. On monday just see their company CHHB will drop or not.

Posted by Nallayak > 2014-04-10 19:46 | Report Abuse

rich folks must not allow daughter to marry investment bankers lah to be safe from BAFIA & MAS

Posted by kt99 > 2014-08-05 08:59 | Report Abuse

This counter can buy?

Posted by reverrrrrr > 2014-08-05 15:57 |

Post removed.Why?

Posted by kt99 > 2014-08-09 16:27 | Report Abuse

i got source said this counter fundamental still good, can invest for long term.

Posted by kt99 > 2014-09-03 09:00 | Report Abuse

No comment on this counter?

Posted by premnor > 2015-02-05 12:32 | Report Abuse

Could anyone who has any latest info about this company share with all of us in this forum? Tq