The Securities Commission Malaysia (SC) has informed the public that it has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of two individuals, namely Ewe Lay Peng (Ewe) and Tan Yee Chee (Tan). Ewe and Tan’s CMSRLs were revoked effective 3 September 2018 as the SC has reason to believe that they are no longer…
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Securities Commission Malaysia (SC) recently sued seven individuals at the Kuala Lumpur High Court for the manipulation of shares in APL Industries Bhd (APLI) and is seeking court orders for disgorgement and civil penalty of up to RM7 million and barring the defendants from the capital market. The SC alleged that Ng Wai Hong, a…
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Securities Commission Malaysia (SC) has reprimanded a China-based sports equipment company, Telent Outdoor (Hong Kong) Technology Co. Ltd (Telent), and imposed a permanent moratorium on two of its directors for submitting false information. Hui Tang Tat and his father, Hui Chi Keung, are the Executive Director and Managing Director of Telent respectively. The individuals, both…
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The Court of Appeal today allowed Securities Commission Malaysia (SC)’s appeal to enhance sentences meted out against former executive directors of Welli Multi Corporation Bhd (Welli Multi), Ang Sun Beng and Ang Soon An, for furnishing misleading financial information to SC in 2005. The court imposed a sentence of six months jail and a fine…
Read moreThe Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate shareholder protection. The Rules on Takeovers, Mergers and Compulsory Acquisitions 2016 stipulates operational and conduct requirements in relation to takeovers and is issued as an SC guideline…
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