SINGAPORE (June 17): LionGold, a gold mining and exploration company headquartered in Singapore, announced that its wholly-owned dormant subsidiary Think Power has been struck off from the Register of Companies on June 9.

The announcement, which was made on Wednesday, says that the striking off of Think Power is not expected to have any material impact on LionGold’s net tangible assets (NTA) and earnings per share (EPS) for the financial year ended June 30.

LionGold was one of the three penny stocks whose shares were allegedly manipulated by John Soh back in 2013.

Shares in LionGold closed flat at 0.2 cents on Wednesday.

<strong><i>Read the full 2013 penny stock crash saga <a href="https://www.theedgesingapore.com/flash-categories/2013-penny-stock-crash" target="_blank">here</a>.</i></strong>

LionGold’s wholly-owned subsidiary struck off from register of companies

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LionGold’s wholly-owned subsidiary struck off from register of companies

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