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Goldman Sachs denies S’pore stock dump | KINIBIZ

 
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WORLD BIZ  |  JANUARY 10, 2014 4:15AM


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Goldman Sachs denies S’pore STORY BY WORLD BIZ
BLOOMBERG
today, Feb 1 stock dump US warship sailing near Paracel Islands
violated laws

US warship sailing near India’s Sahara uses small savers to keep


Tweet resort afloat
Paracel Islands violated laws
New York restaurant offers USD100 golden
doughnut
India’s Sahara uses small A Goldman Sachs Group Inc unit denied
Indian economy can grow 8% in coming
savers to keep resort afloat dumping a Singapore private wealth fiscal year
client’s shares it held as collateral Indonesia funds to hold minimum 30%
New York restaurant offers
and said it’s still owed money. gov’t bonds
USD100 golden doughnut
Tweets about "kinibiz"
Quah Su Ling sued Goldman Sachs
Changing the industry – International in London, accusing it of
one tile at a time breach of contract for selling her shares
in Blumont Group Ltd, Asiasons Capital
Indian economy can grow
Ltd and LionGold Corp and depressing
8% in coming fiscal year
their prices. Goldman Sachs International
Indonesia funds to hold countersued for US$12.3 million (RM40 million) it says it’s still owed.
minimum 30% gov’t bonds
Goldman Sachs International sold the shares in an “orderly and measured manner — consistent
with industry practice and accepted standards — over the course of three weeks,†the bank said in
Taiwan central bank guides
court papers filed in London and made available this week. The lawsuit is Quah’s “attempt to
interbank rate to 0.20%
delay or avoid repayment of debt.â€
Facebook to prohibit private
Shares of the three Singapore companies tumbled with Asiasons falling 62% on Oct 4, 2013, while
firearm transactions
Blumont declined 56% and LionGold was down 42%. Over three days from Oct 4, 2013, the declines
erased US$6.9 billion from Singapore’s bourse value. The Monetary Authority of Singapore and
Regional bearish sentiment
to pressure rubber mart the city’s stock exchange said they would probe activities around the shares of the companies.

Quah, the Chief Executive Officer of IPCO International Ltd, claimed Goldman Sachs demanded she
Tin to trade sideways;
repay US$48 million within 1 1/2 hours on Oct 2, 2013 and started selling her shares. The bank hadnâ
traders await cues
€™t informed her previously of any shortfall in her margin loan or give her reasonable time to make
Gold to trade lower; ringgit payment, Quah said in court papers.
continue momentum
Edward Naylor, a Hong Kong-based spokesman for Goldman Sachs, didn’t immediately reply to

http://www.kinibiz.com/story/world-biz/67449/goldman-sachs-denies-spore-stock-dump-countersues-quah.html[10/8/2018 11:14:11 AM]


Goldman Sachs denies S’pore stock dump | KINIBIZ

an e-mail or return a call seeking comment. Quah also didn’t respond to an e-mail or a call to her
Carving his own niche
office.
Feruni Ceramiche: The story
Regulators around the world have stepped up oversight of capital markets after the global financial
of a tiler
crisis in 2008. Singapore’s central bank established a 13-member council in 2010 with the goal of
boosting corporate governance standards and investor confidence. The Singapore Exchange, Southeast
Recalibration of the Budget
Asia’s biggest bourse, said after the decline of the three stocks it plans to add circuit breakers in
2016 a realistic scenario
2014 to halt trading for 10 minutes when shares move 10% in either direction.
Bursa to see mild profit
The case is Quah Su Ling v Goldman Sachs International. HQ13X05341. High Court of Justice, Queenâ
taking; positive outlook
€™s Bench Division.

Swiss AG suspects US$4b — by Andrea Tan


misappropriated, seeks Mâ
€™sia help

 
Lessons learned from
running a family business

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http://www.kinibiz.com/story/world-biz/67449/goldman-sachs-denies-spore-stock-dump-countersues-quah.html[10/8/2018 11:14:11 AM]