SINGAPORE (Oct 27): Innopac Holdings, one of the companies linked to alleged penny stock saga mastermind John Soh, said On Oct 26 that its application to resume trading of its shares has been rejected the Singapore Exchange.

The company on Oct 19 applied to the exchange to resume trading of its shares, which has been in this suspended since June this year.

In a separate announcement, Innopac said it has received a writ of summons sent on behalf of Saxo Bank, demanding a repayment of just over $15 million taken by several subsidiaries incurred some five years ago.

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