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Fingers were pointed at Soh Chee Wen when Asiasons, Blumont and LionGold soared last year before collapsing on Oct 4. As the anniversary of the crash approaches, CAD and MAS might be getting closer to discovering what happened. Note: Some events in this article has been proven to be false. The Edge has acknowledged some of the false information. Blumont Group had commenced legal proceedings against The Edge for libel.
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Added to the FTSE ST China Index will be:
Yanlord Land, Hyflux, People's Food Holdings, Li Heng Chemical Fibre Technologies, FerroChina, CapitalRetail China Trust, Hong Leong Asia, Pacific Andes Holdings, Midas Holdings, SP Chemicals, Pine Agritech, Fung Choi Media, Beauty China Holdings, Hyflux Water Trust, Kingboard Copper, Sinomem Technology, China Taisan Technology, China New Town Development, HL Global, DMX Technologies, Advanced Holdings.
Removed from FTSE ST China Index will be:
China Merchants Holdings Pacific, C&O Pharmaceutical, Bright World Precision Machinery, Shanghai Asia Holdings, China Flexible Packaging, China Lifestyle Food and Beverages, China Yuanbang Property, Memtech International, CHT Holdings, RH Energy, China Angel Food.
To the FTSE ST China Top Index -- tracking Singapore-listed stocks with major operations in China -- will be added Hyflux and Li Heng Chemical Fibre Technologies. Hsu Fu Chi International Ltd and Bio-Treat Technology will be removed.
The next review is scheduled for March 12, 2009.