SC charges group MD of TH Group, 4 others for insider trading
Published on: Saturday, January 31, 2015
Kuala Lumpur: The securities Commission Malaysia (SC) on Thursday charged five individuals with insider trading offences under Section 188(2)(a) of the Capital markets and Services Act 2007.Lei Lin Thai was charged at the Kuala Lumpur Sessions Court for acquiring 2,766,600 units of TH Group Berhad (TH Group) shares whilst in possession of non-public information between 5 June 2008 and 22 September 2008. Lei was at the material time, the Group Managing Director of TH Group Berhad.Stay up-to-date by following Daily Express’s Telegram channel.
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The charges against Lei, Chung, Wong and lau were read out before Sessions Court Judge Mat Ghani Abdullah while the charges against NG were before Sessions Court Judge Abdul Rashid Daud. Lei was granted bail of RM300,000, whilst Chung, Ng, Wong and Lau each posted bail sums of RM100,000. All claimed trial against the respective charges preferred. The cases will be called before Kuala Lumpur Sessions Court 1 on March 3rd 2015.
