SC charges Leong with in­sider trad­ing

New Straits Times - - Business | News -

KUALA LUMPUR: Se­cu­ri­ties Com­mis­sion yes­ter­day charged Datuk Vin­cent Leong Jee Wai with in­sider trad­ing of Maxbiz Corp shares. He was charged with two counts of com­mu­ni­cat­ing ma­te­rial non­pub­lic in­for­ma­tion be­tween Novem­ber 2010 and Jan­uary 2011 to Leong Wye Keong when he should have known that Wye Keong would tend to dis­pose of Maxbiz shares. The first charge re­lates to the de­crease in Maxbiz share­hold­ers’ eq­uity, and the sec­ond charge con­cerns the clas­si­fi­ca­tion of Maxbiz as a Prac­tice Note 17 com­pany.

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