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ISR Capital says 'no' to SGX order to hold shareholder vote on mining acquisition

It has gone ahead to acquire a 60 per cent stake in the mining firm by issuing 747.26m new shares to the vendor

Published Thu, Jan 3, 2019 · 09:50 PM

Singapore

ISR Capital has pushed back on a Singapore Exchange (SGX) directive to seek shareholder approval for its decision to complete an acquisition by waiving certain conditions.

In response to SGX's request, the investment company on Thursday said that it did not agree with the market regulator's view that waiving the conditions would be detrimental to the company, its shareholders or the business of the target asset.

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