General Announcement::SGX issues "Trade with Caution" warning on ISR Capital Limited shares

Issuer & Securities

Issuer/ Manager
ISR CAPITAL LIMITED
Securities
ISR CAPITAL LIMITED - SG1P04916067 - 5EC
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Mar-2017 14:01:52
Status
New
Announcement Sub Title
SGX issues "Trade with Caution" warning on ISR Capital Limited shares
Announcement Reference
SG170301OTHRY9P3
Submitted By (Co./ Ind. Name)
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Designation
REGULATION
Description (Please provide a detailed description of the event in the box below)
SGX announces ISR Capital Limited shares to resume trading on 6 March, issues "Trade with Caution" warning

On 27 November 2016, the Singapore Exchange (SGX) suspended trading in the shares of ISR Capital Limited (ISR) in accordance with the SGX Securities Trading (SGX-ST) Rule 8.10.1. The suspension was to safeguard the interest of the market as there were circumstances that prevented trading in ISR shares on an informed basis.

On 25 November 2016, Soh Chee Wen, also known as John Soh, was one of the three individuals charged in the State Courts of Singapore (State Courts) for manipulating the market for the shares of Blumont Group Ltd, Asiasons Capital Limited (now known as Attilan Group Ltd) and LionGold Corp Ltd between August 2012 and October 2013.

On 28 February 2017, it was revealed in the State Courts that the authorities are investigating John Soh for manipulating the share price of ISR as well as being involved in the management of the affairs of ISR.

Following the disclosure of this information in the State Courts and pursuant to SGX-ST Rule 8.10.2, SGX will lift the suspension imposed on ISR shares and allow trading of ISR shares to resume on 6 March 2017.

However, taking into account the above-mentioned disclosure of information in the State Courts, SGX urges shareholders and investors to exercise caution when dealing in ISR shares once trading resumes.

SGX will continue to monitor the trading activities of ISR shares.

-End-

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.