Ekuinas may lose up to RM 400 million in the Liongold, Asiasons collapse

As reported:

A) Ekuinas allocated RM400mil in the first tranche and the three fund managers raised RM143mil from private sources.
(http://www.thestar.com.my/Business/Business-News/2013/08/19/Ekuinas-steps-up-outsourcing-programme.aspx)

B) Asiasons Group, headed by chairman and co-founder Datuk Mohammed Azlan Hashim, has been selected as the replacement manager of the earlier-launched Outsourced Programme Tranche I.
(http://www.thestar.com.my/Business/Business-News/2013/09/04/Ekuinas-sets-aside-RM360mil-for-Tranche-III.aspx)


C) SINGAPORE: The share price of Singapore-listed Asiasons Capital Ltd dropped as much as 90 percent to S$0.17 ($0.14) after a trading halt was lifted on Monday.
The Singapore Exchange halted trading of shares in Asiasons, LionGold Corp Ltdand Blumont Group Ltd on Friday.
Blumont shares resumed trading, down 81 percent to S$0.167. - Reuters
D) Shares in gold miner LionGold and its biggest shareholder, Asiasons, plummeted 42.1 per cent and 61.5 per cent to 87.5 cents and S$1.04, respectively, on Friday. That wiped off S$585 million from the market cap of Liongold and S$1.6 billion from that of Asiasons



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