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SGX lifts ISR suspension but urges trading caution

Stock believed to have been manipulated; meanwhile, ISR posts S$8.3m full-year net loss on impairments

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SGX suspended the stock on Nov 27, 2016, because of concerns that trading was not taking place on an informed basis. The counter had dived 55 per cent on Nov 24 to 12.7 Singapore cents after more than trebling between Sept 1 and Nov 23.

Singapore

SHARES of ISR Capital will resume trading on March 6 under a cautionary warning, following the revelation that investigators believe the company and its stock were influenced and manipulated by the chief suspect in the 2013 penny stock crash, the Singapore Exchange (SGX)

sentifi.com

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