Over the past week, the volume of ISR Capital shares traded have picked up significantly, as new shares were converted by Value Capital Asset Management (VCAM), which has an ongoing $35 million redeemable convertible bond programme with ISR Capital.
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.
