Home News 2013 Penny Stock Crash

What fate awaits John Soh and Quah Su-Ling?

Amala Balakrishner
Amala Balakrishner 4/28/2022 5:2 PM GMT+08  • 18 min read
What fate awaits John Soh and Quah Su-Ling?
Soh (left) and Quah will know their verdict on May 5 after a long-running trial / Photos: Samuel Isaac Chua and Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The verdict on Singapore’s largest share manipulation case will soon be handed down. Here is a recap of the multi-year saga and the closing arguments from both sides

On May 5, Justice Hoo Sheau Peng will deliver her verdict following the multi-year trial of John Soh Chee Wen and Quah Su-Ling. The two “long-term partners in both business and personal affairs” are accused of being the masterminds behind the manipulation of three penny stocks back in 2013 which crashed spectacularly in the end. The episode has been described as Singapore’s largest-ever case of share manipulation that tarnished the market and paved the way for a slew of new market regulations.

Born in Batu Pahat, Malaysia, Soh faces 188 charges ranging from market manipulation to deception to witness tampering. Quah, who came from a rich Penang family, was the former CEO of IPCO International (renamed Renaissance United in 2018) and faces 177 largely similar charges.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now