Staff Reporter
,
Singapore
It was at the centre of a penny stock crash last year.
Singapore's LionGold Corp Ltd said it expected to report a loss before taxes for the first half of its fiscal year due to impairment losses.
According to a report by Reuters, share prices plunged last October, wiping out around S$8 billion ($6 billion) in market value in just two days after huge run-ups. The scandal led to a series of proposed reforms to the city-state's stock trading rules.
View the full report here.
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