Singapore’s penny stock mystery increases pressure on exchange
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Singapore Exchange Ltd ‘s role as the city-state’s equity market regulator is coming under increasing scrutiny in the fall-out from a penny stock crash earlier this month.
Blumont, Asiasons Capital and Lion Gold have lost billions of dollars in market value this past week. Yet, they are still pressing ahead with ambitious growth plans, with Blumont even claiming it is on its way to becoming Asia's BHP Billiton. Should investors give them a second chance?
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