SINGAPORE (Nov 9): LionGold Corp, one of the three companies whose shares were allegedly manipulated by John Soh Chee Wen and his accomplices, has appointed a new chairman to replace Nik Ahmad Kamil, who stepped down as executive chairman on July 30 this year.

Roland Kenneth Selvanayagam, currently the lead independent director, has been named the new non-executive chairman. The appointment takes effect on Nov 9. He  was first appointed to the LionGold back in 2010.

With Selvanayagam’s appointment, the other three directors on LionGold’s board are: Raymond Tan, executive director and CEO; Bernard Soo Puong Yii and Denis Edmund Clarke both of whom are non-executive independent directors.

On Nov 9, LionGold shares closed unchanged at 0.1 cent.