The company said its board believes that the proposed transfer will provide it with a more suitable platform for the listing and trading of its shares, it said in a statement late on Friday.
Share prices in LionGold, Blumont Group Ltd, and Asiasons Capital Ltd plunged in October 2013, wiping out around S$8 billion ($5.9 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.