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SGX says no directive to ISR Capital over queries on mining asset purchase
Published Sun, Jan 6, 2019 · 09:50 PM
Singapore
THE Singapore Exchange (SGX) said on Sunday that no directive has been issued so far to ISR Capital regarding its S$3 million purchase of a Madagascar mining asset.
Queries by the regulator to ISR Capital are ongoing, which "reflect our concern that new information was disclosed very close to the completion date" of ISR's purchase of a 60 per cent stake in Tantalum Holding (Mauritius) (THM). THM fully owns Tantalum Rare Earth Malagasy SARLU (TREM), which holds an exploration licence for the mining concession.
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