ISR Capital says chairman's statement at EGM mistranslated

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SINGAPORE (Nov 1): Just a day after an extraordinary general meeting, Mainboard-listed ISR Capital announced that a statement forecasting profits in three years by executive chairman Chen Tong had been mistranslated by his Chinese-to-English interpreter.

At the EGM, where shareholders approved ISR's acquisition of a Madagascan rare earths mining asset, an investor had asked Chen when ISR would see profits.

Chen's reply in Mandarin was translated by his interpreter as: "For rare earths, the technology is very fast, once the licence is in place. So the plan is in three years’ time, we should be... (Click here to read the full story)