SINGAPORE (Nov 30): ISR Capital has denied that its business activities are in any way associated with the individuals mentioned or with any of three SGX-listed companies whose trading activities are the subject of investigations by the Commercial Affairs Department.

The three companies are Asiasons Capital (now renamed Attilan Group), Blumont Group, and Liongold Corp.

ISR Capital was referring to various media reports in recent days in which the company was associated with the three individuals charged for various offences under the Securities and Futures Act.

In its filing on Wednesday night, ISR Capital says it does not hold any shares in the three companies.

ISR regrets the inaccurate media reports which have implied that “the company is somehow linked to the individuals under investigation”.

It also noted that the inaccurate reports may have contributed to volatility in the company’s stock price in recent days.

The company says it is seeking legal advice and will engage with the Singapore Exchange to seek an early lifting of the trading suspension imposed since Nov 27.

(See also: Suspended ISR Capital says SGX had more queries on 2nd valuation report after replying on Nov 25)

(See also: SGX suspends trading of ISR Capital shares to ‘safeguard market interest’)