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Magnus Energy

Latest News Magnus Energy

Bro, this company dissolved already!

No More Liao, All Shares Become Toilet Paper!

vivacious ( Date: 09-Oct-2025 12:44) Posted:

anyone still holding this?

The company has finally filed for bankcruptcy.

For more than 10 years, the company has enriched the management. It is just an empty shell, similar to the S-chips of the past.

https://www.magnusenergy.com.sg/_files/ugd/30ae80_0a22c793999c4a38b256c99586e39466.pdf

ysh2006 ( Date: 25-May-2023 17:22) Posted:

Try to save money for not posting the certificate in the end slap by Sgx and now say they will send to us provide we update our address in CDP....

TA_Expert ( Date: 13-Apr-2023 00:35) Posted:

The company will file for liquidation. All these years of doing this and that were just for show.

Minority shareholders are burnt. This is greatest risk of trading penny stocks.

Try to save money for not posting the certificate in the end slap by Sgx and now say they will send to us provide we update our address in CDP....

TA_Expert ( Date: 13-Apr-2023 00:35) Posted:

The company will file for liquidation. All these years of doing this and that were just for show.

Minority shareholders are burnt. This is greatest risk of trading penny stocks.

Everyone know sgx reputations stink one

mrwise ( Date: 14-Apr-2023 04:16) Posted:

Is this the main reason why more and more ppl dont dare to buy stocks ?!

Is SGX being fair to penny stocks like Magnus? SGX dont allow them to trade and
made all Magnus investors to lose all their money? What is SGX doing this to the investors? Is SGX too rigid and heartless ? Is SGX bias towards certain stocks, especially penny stocks?

happyharvest ( Date: 14-Apr-2023 02:42) Posted:

My impression is that SGX does not want to give ME more time to prove themselves for a turnaround. It seems like there is potential business in Indoensia and need take time to materialize actually listing in SGX is quite dangerous. that is why less and less companies are listing here. volume sux, too strict and rigi

Is this the main reason why more and more ppl dont dare to buy stocks ?!

Is SGX being fair to penny stocks like Magnus? SGX dont allow them to trade and
made all Magnus investors to lose all their money? What is SGX doing this to the investors? Is SGX too rigid and heartless ? Is SGX bias towards certain stocks, especially penny stocks?

happyharvest ( Date: 14-Apr-2023 02:42) Posted:

My impression is that SGX does not want to give ME more time to prove themselves for a turnaround. It seems like there is potential business in Indoensia and need take time to materialize actually listing in SGX is quite dangerous. that is why less and less companies are listing here. volume sux, too strict and rigid

TA_Expert ( Date: 13-Apr-2023 00:35) Posted:

The company will file for liquidation. All these years of doing this and that were just for show.

Minority shareholders are burnt. This is greatest risk of trading penny stocks.

My impression is that SGX does not want to give ME more time to prove themselves for a turnaround. It seems like there is potential business in Indoensia and need take time to materialize actually listing in SGX is quite dangerous. that is why less and less companies are listing here. volume sux, too strict and rigid

TA_Expert ( Date: 13-Apr-2023 00:35) Posted:

The company will file for liquidation. All these years of doing this and that were just for show.

Minority shareholders are burnt. This is greatest risk of trading penny stocks.

Penny stocks that can profit much...blue chip not show... it depend luck : penny still can make us rich too!!

TA_Expert ( Date: 13-Apr-2023 00:35) Posted:

The company will file for liquidation. All these years of doing this and that were just for show.

Minority shareholders are burnt. This is greatest risk of trading penny stocks.

SGX ticks off Magnus Energy&rsquo s ex-CEO and directors for breaching listing rules

THE Singapore Exchange (SGX) has issued a public reprimand to the former chief executive officer of Magnus Energy Group, Luke Ho Khee Yong, and the former board of directors for breaches of the Catalist rules.

The four board directors taken to task are: former independent director and chairman Kushairi bin Zaidel, former independent directors John Ong Chin Chuan and Seet Chor Hoon, and former non-independent non-executive director Ong Sing Huat.

The reprimand for the five came from the SGX Listings Disciplinary Committee (LDC) in connection with two transactions.

The first involved the disposal of nine million shares in GCM Resources through Magnus Energy&rsquo s wholly owned subsidiary, MEG Global Ventures.

The LDC said Magnus Energy&rsquo s announcements in March and June 2017 failed to disclose relevant key details, including the fact that the disposal was related to the GCM Resources shares, the identity of the counterparty, the number of GCM Resources shares sold, as well as the aggregate value of the disposal consideration.

Further, another announcement in October 2018 disclosed contradictory information about whether the GCM Resources shares had been sold, or if the sale was ongoing, with the shares held in trust by a trading firm.

In a resolution agreement submitted to the LDC, Ho and the former board admitted to failing to ensure that the company had in place a robust and effective system of internal controls on matters concerning the transaction.

The second transaction in breach of listing rules involved the acquisition of a convertible loan from Revenue Anchor pursuant to a deed of assignment between Revenue Anchor and MEG Global Ventures.

Revenue Anchor, as the lender to GCM Revenue for an outstanding convertible loan of £ 510,000 (S$843,421), was to assign to MEG Global Ventures the benefits of the convertible loan. This included the right to convert the outstanding balance of the convertible loan into shares in GCM Resources.

The funds raised from the convertible loan was for GCM Resources to fund its major asset, the Phulbari Coalmine project in Bangladesh.

In this case, Ho and the former board admitted to failing to ensure that the company disclosed that a condition precedent for the deed &ndash that of obtaining consent from GCM Resource for the assignment of debt &ndash had not been met.

Among other things, the five also failed to ensure that the company disclosed that GCM lacked the requisite regulatory permits to commence coal production at the Phulbari Coalmine.

It was necessary for the board to disclose these details to avoid the establishment of a false market in the company&rsquo s securities, SGX said.

Apart for the reprimand, the LDC has required Ho to provide a signed written undertaking to SGX that he would not seek directorship on the board of directors, or a role as a key executive officer of issuers whose securities are listed on the SGX for two years from Mar 13, 2023.

The four members of the former board have been asked to provide signed written undertakings to SGX that they not seek directorships on the board of directors, or key executive roles in SGX-listed companies for a year.

Magnus Energy was one of the companies linked to penny stock crash mastermind John Soh Chee Wen.

Soh was linked to Mid-Continent Equipment Group, an oil industry equipment supplier &ndash majority-held by Magnus Energy &ndash that was the subject of a share-manipulation scheme.

Company A entered an agreement, dated Nov 15, 2021, to sell the nickel ore extracted from Kolaka to a third-party smelting company. The agreement is for the sale of nickel ore up till Jan 15, 2023.

What is this anyone can clarify?
NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S) IN RESPECT OF INTERESTS IN Form 3
https://links.sgx.com/FileOpen/_Form%203%20-%20Luke%20Ho.ashx?App=Announcement& FileID=697993

what is taking magnus so long to resume trading? missed all the action

still not resume trading.. it gona miss the oil rally

Operator81 ( Date: 28-Jul-2020 21:25) Posted:

This is good news. Happy harvest, where are you?

guards80 ( Date: 28-Jul-2020 17:42) Posted:

The Company wishes to inform its shareholders that further to the Previous Announcements, and in line with Rule 1304(1) of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ), the Company has been requested to submit a proposal through its Sponsor to the SGX-ST with a view of resuming trading in the Company&rsquo s shares (the &ldquo Resumption Proposal&rdquo ) by 15 October 2020. The Resumption Proposal must, among others, (a) substantiate and address issues pertaining to the business viability and going concern of the Group, and (b) address all concerns that led to the suspension of the Shares, including but not limited to the issues raised in the Provenance Report. The Board and the Company&rsquo s Sponsor will also be required to provide their respective opinions as to whether trading of the Company&rsquo s shares should be suspended pursuant to Rule 1303(3) of the Catalist Rules and the basis for such opinion(s). The Board and key management will, in discussion with its Sponsor, work towards addressing all the relevant issues needed for the submission of the Resumption Proposal in a timely manner. The Board will make further updates if there are any further material developments with regards to the Resumption Proposal or where necessary.

Madhaven must work hard urh!

Yuri 托管中心？ Yuri Childcare service?

Superkilat ( Date: 28-Jul-2020 21:37) Posted:

Hi Bro

If you have missed the earlier session, there are one session in Chinese and another one in Cantonese. See you there!

Yuri 托管基金邀请您参加预先安排的 Zoom 会议。

主题： Triumphfx 德汇 - Yuri 托管基金管理招商说明会 (华语 )
时间： 2020年 7月 31日 08:00 (星期五 )

加入 Zoom 会议
https://us02web.zoom.us/j/89787690202?pwd=UzFKOFRsYnR2SHUrK0VYbjR0NHBEUT09

会议 ID： 897 8769 0202
密码： 223063
查找本地号码： https://us02web.zoom.us/u/kcWxLvmWAP

Yuri Fund Manage 邀请您参加预先安排的 Zoom 会议。

主题： Triumphfx - Yuri Fund Business Preview (Cantonese mix English)
时间： 2020年 8月 2日 08:00pm Sunday

加入 Zoom 会议
https://us02web.zoom.us/j/85662872261?pwd=c3FvT2RRWVRkZ2lCLzBTNWMydzJLZz09

会议 ID： 856 6287 2261
密码： 160681
查找本地号码： https://us02web.zoom.us/u/kcCuVMrRp3

Regards
Bro Kilat

This is good news. Happy harvest, where are you?

guards80 ( Date: 28-Jul-2020 17:42) Posted:

The Company wishes to inform its shareholders that further to the Previous Announcements, and in line with Rule 1304(1) of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ), the Company has been requested to submit a proposal through its Sponsor to the SGX-ST with a view of resuming trading in the Company&rsquo s shares (the &ldquo Resumption Proposal&rdquo ) by 15 October 2020. The Resumption Proposal must, among others, (a) substantiate and address issues pertaining to the business viability and going concern of the Group, and (b) address all concerns that led to the suspension of the Shares, including but not limited to the issues raised in the Provenance Report. The Board and the Company&rsquo s Sponsor will also be required to provide their respective opinions as to whether trading of the Company&rsquo s shares should be suspended pursuant to Rule 1303(3) of the Catalist Rules and the basis for such opinion(s). The Board and key management will, in discussion with its Sponsor, work towards addressing all the relevant issues needed for the submission of the Resumption Proposal in a timely manner. The Board will make further updates if there are any further material developments with regards to the Resumption Proposal or where necessary.

Many already goreng, waiting for this super penny to release its madness energy.

Smallball ( Date: 08-Jun-2020 18:21) Posted:

All super penny goreng

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