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ISR Capital fails to meet SGX requirements to stay out of watch-list

ISR Capital on Friday said its latest financial figures have failed to meet the Singapore Exchange (SGX) requirements to stay out of the bourse's watch-list.

The consultancy and investment management company recorded pre-tax losses in its most recent three consecutive years of financial reporting and fell below the bourse's market capitalisation requirements.

Its board of directors said the group's latest six-month average daily market capitalisation as at June 20 is approximately S$11 million, far below the S$40 million minimum required by SGX.

The exchange's next quarterly review to identify issuers to be included on the watch-list takes place on the first market day of September.

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ISR Capital said it would make an immediate announcement should it be notified by SGX that it will be placed on the watch-list.

On the SGX website, ISR Capital has already been flagged as a watch-list stock. Its shares were up S$0.001 or 33.33 per cent at S$0.004 as at 1.04pm.