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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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) announced on Wednesday.
Separately, ISR reported that it fell into a S$8.3 million net loss in 2016, compared with a S$667,519 profit a year earlier, as revenue fell, employee benefits rose and impairments were incurred on unspecified debt securities.
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