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Hot stock: ISR Capital slumps 83% after resuming trading
SHARES of ISR Capital slumped 10.6 cents, or 83 per cent, to S$0.021 on Monday after it resumed trading, following the revelation that investigators believe that the company and its stock were influenced and manipulated by the chief suspect in the 2013 penny stock crash.
This was Malaysian businessman John Soh Chee Wen. Also arrested in connection with investigations into the 2013 penny stock crash were former Ipco International chief executive Quah Su-Ling and former Annica Holdings and ITE Electric independent director Goh Hin Calm.
More than 97 million ISR Capital shares changed hands just half an hour into the trading day, making it the most active stock on the market.