On 27 November 2016, the Singapore Exchange (SGX) suspended trading in the shares of ISR Capital Limited (ISR) in accordance with the SGX Securities Trading (SGX-ST) Rule 8.10.1. The suspension was to safeguard the interest of the market as there were circumstances that prevented trading in ISR shares on an informed basis.
On 25 November 2016, Soh Chee Wen, also known as John Soh, was one of the three individuals charged in the State Courts of Singapore (State Courts) for manipulating the market for the shares of Blumont Group Ltd, Asiasons Capital Limited (now known as Attilan Group Ltd) and LionGold Corp Ltd between August 2012 and October 2013.
On 28 February 2017, it was revealed in the State Courts that the authorities are investigating John Soh for manipulating the share price of ISR as well as being involved in the management of the affairs of ISR.
Following the disclosure of this information in the State Courts and pursuant to SGX-ST Rule 8.10.2, SGX will lift the suspension imposed on ISR shares and allow trading of ISR shares to resume on 6 March 2017.
However, taking into account the above-mentioned disclosure of information in the State Courts, SGX urges shareholders and investors to exercise caution when dealing in ISR shares once trading resumes.
SGX will continue to monitor the trading activities of ISR shares.
