ISR Capital

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The story of the penny stock is juicier than any TV drama...

Rare earth dealmaker Rigoll quits ISR; starts unloading shares
Update on the penny stock

Another substantial ISR shareholder pares stake; Is stock caught in death spiral bond?

Chan Chao Peh
27/03/17, 11:03 pm
SINGAPORE (March 27): Ooi Wooi Jing, another significant shareholder of ISR Capital has started selling shares in the troubled company, which has seen its stock price drop by more than 96% since it resumed trading on March 6 following an SGX-imposed suspension.

In aftermarket announcement on Monday, Ooi was said to have sold a total of 5,445,900 shares at an average of 0.825 cents each last Friday, which generated him $44,928.675 in proceeds. However, even with the sale, Ooi still owns 170 million ISR shares, or 9.9% stake in the company.
At the end of the day, majority of retail investors are the one who suffers. There will be some who survived and few who enriched themselves. But how long can this game last ?

Just my Diary

The whole sgx corporate governance regime is a joke.
ISR’s shareholder Ooi ceases to be substantial owner with another sale

By: Chan Chao Peh
05/04/17, 06:44 pm

SINGAPORE (April 5): ISR Capital’s third largest shareholder Ooi Wooi Jing has ceased to be a substantial shareholder following yet another round of selling at an ever lower price level.

On April 3, Ooi sold 45 million shares at an average of 0.644 cents per share, which brings down his stake in the company to 4.67%. He is left with 96.5 million shares.

Most recently, on March 31, Ooi sold 28.5 million shares in the open market at an average price of 0.7 cents.

This comes after an earlier sale of more than 5.4 million shares at average of 0.825 cents on March 24.

More details in
Specuvestor: Asset - Business - Structure.

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