SINGAPORE (Aug 7): ISR Capital said that the value of the Madagascar rare earth concession, of which it wants to acquire a 60% stake, will be “much lower” than the two earlier estimates that topped US$1 billion ($1.36 billion).

ISR’s admission of the lower value was made in response to a series of queries by the Singapore Exchange on Aug 2 and to which the company responded on Aug 6.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook