Stemcell listed based on a reverse listing on the ASX based on ASIC search:-
History
Column 1 Column 2 Column 3 0 Names From To 1 COOPERS RESOURCES 25/07/1984 2 AUSTRALIAN PURE FRUITS LIMITED 12/12/2005 3 ON Q GROUP LIMITED 12/12/2005 2/09/2015 4 STEMCELL UNITED LIMITED 2/09/2015 Present
Previous companies have a bad history of being delisted many times by the ASX due to non-compliance and failure to lodge half-yearly financial reports.
Coopers Resources and Australia Pure went bust with lawsuits, fraud, jail time and providing false or misleading information to ASIC. On Q Group Ltd is no better.
Bill Express ring a bell for anyone ?
See:- http://www.smh.com.au/business/bill-express-executive-jailed-20130410-2hlcy.html
Current Company Profile
Stemcell United Limited (SCU, formerly On Q Group Limited) is a Singapore based Biotechnology Company which focuses on using stem cell technology to grow and extract plant essence for traditional medicine.
Not sure why they call themselves Stemcell when the definition of Stem Cells is:-
Stem cells are found in the early embryo, the foetus, amniotic fluid, the placenta and umbilical cord blood. After birth and for the rest of life, stem cells continue to reside in many sites of the body, including skin, hair follicles, bone marrow and blood, brain and spinal cord, the lining of the nose, gut, lung, joint fluid, muscle, fat, and menstrual blood.
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