Selasa, 20 Jun 2017

Bursa Malaysia publicly reprimands Lay Hong, fines 8 directors RM750,000

Bursa Malaysia publicly reprimands Lay Hong, fines 8 directors RM750,000

KUALA LUMPUR (June 20): Bursa Malaysia has publicly reprimanded Lay Hong Bhd and its directors for breaching regulations regarding the company's response to unusual market activity queries on Nov 2, 2015 and Jan 19, 2016.

"Lay Hong's announcements (that there were no unannounced corporate developments that might have accounted for the trading activity) were not accurate, balanced, and fair, and failed to contain sufficient information to enable investors to make informed decisions," Bursa said in a statement today.

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