Peter Koh, CEO of Oceanus Group, bought 12.5 million shares at an average of 4.07 cents each on March 15, paying just a total of $508,962.50

Koh, who has led the successful turnaround of the company, now holds nearly 2.5 billion shares, or 10.28%

Last Friday, March 12, the company refuted postings online and in chat groups alleging that the company’s management including Koh was in a pump and dump scheme in collusion with unnamed institutional investors.

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