Magnus Energy

Management & Corporate Governance

Magnus Energy board hit by spate of resignations

SINGAPORE (June 24): A group of individuals who joined hands to wrest control of Magnus Energy from its former board, has fallen apart in just half a year.

Regulatory Action

Magnus Energy to put all corporate transactions on hold as SGX RegCo investigates recent disposal

SINGAPORE (Jan 3): Catalist-listed Magnus Energy group has been hit with a notice of compliance (NOC) from the Singapore Exchange Regulation (SGX RegCo), following a recent transaction that might h

Shareholder activism

Penny stock-linked Magnus Energy's past transactions under spotlight as dissenting minorities call for EGM

SINGAPORE (Nov 25): A group of minority shareholders of Magnus Energy shot down all the resolutions put forward at the recent annual general meeting on Oct 30.


Magnus Energy stays in the red as it awaits diversification efforts to take root

SINGAPORE (Feb 6): Magnus Energy, the oil & gas company which is seeking to diversify into biofuel production, reported 2Q losses narrowed to $0.9 million from $1.4 million a year ago.

2013 Penny Stock Crash

John Soh, Quah Su-Ling and Goh Hin Calm set to be charged

SINGAPORE (Nov 25): Three key figures involved in the penny stock saga of October 2013 are expected be charged on Friday afternoon at the State Courts.

Market Close

STI closes 0.16% lower at 2,846.06

SINGAPORE (Sept 22): Singapore stocks closed 4.68 points lower to 2,846.06 on Tuesday, after giving up early gains associated with a monetary policy decision overnight from the US Federal Reserve.

Market Close

STI closes 0.8% higher at 2,827.45

SINGAPORE (Sept 16): Singapore stocks closed higher on Friday, the first gain in five days following overnight strength on Wall Street and investors take advantage of the recent decline.

New Silkroutes & Magnus Energy queried over trading activity

SINGAPORE (Aug 23): New Silkroutes Group and Magnus Energy Group were separately queried by the Singapore Exchange on Tuesday morning.

ISR chairman Wira Dani Daim resigns following bankruptcy order

SINGAPORE (Aug 18): ISR Capital’s executive chairman Md Wira Dani Daim has resigned from the company, following a bankruptcy order.

Magnus Energy shares sink 50% as group dives into microalgae cultivation in Malaysia

SINGAPORE (June 23): Shares of Magnus Energy are down 50% to 0.1 cent at 11.23am after the group on Wednesday night announced it is taking a plunge into microalgae cultivation in Malaysia.

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