[ PETALING JAYA: The High Court has ruled in favour of the Securities Commission Malaysia (SC) in an insider trading civil suit filed against Lim Kok Boon and Cheah Mean Har. In a statement, the SC said Lim was the chief executive officer and non-independent executive director of GW Plastics Holdings Bhd at the material … Read more
[ KUALA LUMPUR: The Securities Commission (SC) and Bursa Malaysia have increased market monitoring and surveillance to ensure activities in the Malaysian capital market remain stable, fair and orderly following the latest developments in the Middle East conflict. In a joint statement here Sunday (April 15), they also gave assurances that market fundamentals remain strong … Read more
[ KUALA LUMPUR: The Securities Commission has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Lim Chee Kuang on the basis he had submitted false and misleading information to the regulator in relation to his CMSRL application. In addition to revoking the licence, the SC imposed a reprimand against Lim for r failing to … Read more
[ KUALA LUMPUR: Bursa Malaysia Bhd welcomed the listing of Business Trusts (BT), an alternative listing structure that facilitates capital raising by listed entities seeking an initial public offering (IPO) on Bursa Malaysia. This was demonstrated by the debut listing of Prolintas Infra BT, marking the first BT listed on the exchange’s Main Market, and … Read more
[ KUALA LUMPUR: The Securities Commission Malaysia (SC) is engaging with the Ministry of Finance (MoF) to conduct a review of SC’s financial sustainability for a better revenue model, said its chairman Datuk Seri Dr Awang Adek Hussin. He said the SC recorded a higher deficit last year compared to the previous year, and this … Read more
[ KUALA LUMPUR: The Securities Commission has extended the deadline for the issuance of a Real Estate Investment Trust’s annual report to four months after its financial year end. In a statement, the regulator said the adjustment of the deadline, which was previously set at two months, aligns the reporting timeline for listed REITs with … Read more
[ KUALA LUMPUR: The Securities Commission has warned the public against investing or dealing with Hap2py, an unauthorised peer-to-peer (P2P) finacing platform in Malaysia. In a statement, the regulator said Hap2py is not an authorised Recognised Market Operator (RMO). It is currently operating a P2P platform without first obtaining the SC’s authorisation as an RMO, … Read more
[ KUALA LUMPUR: Malaysia ranks first out of the 12 markets for quality of auditors and audit regulators at the 11th biennial corporate governance assessment by the Asian Corporate Governance Association (ACGA). Its audit regulators are also the country’s best performing category, followed by the strength of corporate governance rules and adoption of corporate governance … Read more
