Penny stock players named in lawsuits

[SINGAPORE] Some of the parties in October's penny stock collapse have popped up in a couple of soured deals making their way through Singapore courts involving Malaysian dealmaker John Soh Chee Wen.

The disputes, which emerged in court around 2012 and are ongoing, involve various investment projects and certain borrowing and security arrangements.

On one side is recently appointed Unionmet (Singapore) chairman and chief executive Tony Li Hua and two companies associated with him: Sunmax Global Capital and Hua Xin Innovation Incubator.