ISR Capital’s new investors pledge not to sell shares for six months

SINGAPORE (Oct 20): All four investors taking part in ISR Capital’s placement have given their moratorium not to sell their newly-issued shares for at least six months, the company announced on Thursday night.

These four investors will together inject $12 million by subscribing for nearly 141.2 million shares at 8.5 cents each. This placement was first announced on Sept 4.

In addition to the moratorium not to sell shares for at least six months, the four investors have also paid ISR Capital the first subscription tranche of $6 million, in exchange for nearly 70.6 million shares.

---

Related Stories

• VCPlus to raise just $600,000 from placement instead of $6.66 million after investors' u-turn
• Mapletree Industrial Trust announces data centre acquisition in Osaka
• Quantum Healthcare to raise $1 million via placement of new shares

---