Quah Su-Yin stepped down as ISR Capital's CEO

She is sister of Quah Su-Ling, former CEO of IPCO International.

Miss Quah, 48, also stepped down as executive director. According to a release, she wanted to focus on family business.

Her sister was arrested on November 24 last year in relation to the penny stock crash of shares of Asiasons, LionGold, and Blumont Group. ISR Capital shares went down the same day from 28.5 cents to 12.7 cents leading to a query, trading halt request and suspension on November 27. Miss Quah accused “inaccurate media reports” of implying links between the Company and a probe by Singapore regulators into the penny stock crash, leading to ISR Capital's stock volatility. She said there is no link except for the fact that she is sister of one of the three co-accused.