ISR Capital requests trading halt following SGX query

MAINBOARD-LISTED ISR Capital has requested a trading halt pending reply of queries issued by Singapore Exchange (SGX).

The request follows an earlier SGX trading query, the second query this week and the fourth in six months.

The SGX trading query on Thursday came after the stock was among the top value traded counters.

At 2.55pm, the stock was trading 55 per cent or S$0.158 lower at S$0.127, with volume of 11.5 million.

On Monday, SGX queried the company on whether its Al Maynard valuation report of US$1.1 billion was done in accordance with the SGX listing rules.

The bourse operator had said the report did not disclose a discussion on the data collection, and quality control for the mineral resources estimates, as well as details on how the mineral resource estimates were derived, among other things.