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Stocks to watch: ISR Capital, Lian Beng, KSH, KOP, Boustead Projects

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ISR Capital: Singapore Exchange (SGX) on Monday queried the mainboard-listed company on whether its Al Maynard valuation report of US$1.1 billion was done in accordance with SGX's listing rules.

It 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.

SGX had previously questioned ISR Capital's audit committee on the consideration of S$40 million paid by the company for a 60 per cent stake in Tantalum Holding (Mauritius). The purchase price was at purportedly seven times the price of 3.7 million euros (S$5.6 million) paid by the vendor, REO Magnetic Pte Ltd, just six months ago. 

Epic Land Pte Ltd: This consortium made up of subsidiaries of four real estate and construction companies is looking to dispose of the entire paid-up share capital of certain wholly owned subsidiaries that are holding 17 strata office units in Prudential Tower, and also to settle a shareholder's loan. Lian Beng Group, KSH Holdings and KOP all have subsidiaries in Epic Land. Centurion Global is the consortium's fourth investor and is a private company.

Boustead Projects: The company's wholly owned unit has secured a contract from JTC Corporation to develop a multi-tenanted business park project at the Mediapolis.

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The site has a land lease period of 30 years, land area of 9,872.5 square metres and a proposed allowable gross floor area of 39,490 square metres.

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