News about Securities Commission

KUALA LUMPUR (Oct 14): The public has been reminded not to be easily influenced by get-rich-quick schemes or risk-free schemes that promise unrealistically high returns to avoid falling victim to scams by irresponsible parties.

KUALA LUMPUR (Oct 8): Property developer Paragrene Land Bhd is to float on the Main Market of Bursa Malaysia, with the funds raised from the exercise to be used to pay for project development expenses.

KUALA LUMPUR (July 9): MAA Group Bhd, which is seeking to make a takeover offer for all the remaining shares in Turiya Bhd after its proposed acquisition of a 57.

KUALA LUMPUR (Dec 7): The prosecution from the Securities Commission Malaysia (SC) has applied to the High Court here to transfer former Goldman Sachs banker Roger Ng's Capital Market and Services Act alleged offences case before another High Court judge who is also hearing similar charges.

KUALA LUMPUR (Dec 2): The Securities Commission Malaysia (SC) has approved UEM Sunrise Bhd's application for an extension of time to announce any firm intention to make a takeover offer with regard to its proposed merger with Eco World Development Group Bhd (EcoWorld).

KUALA LUMPUR (Nov 9): The Securities Commission Malaysia (SC) today warned members of the public of a fake donation letter purportedly from "Badan Kebajikan Thalassaemia Malaysia", which falsely named SC executive chairman Datuk Syed Zaid Albar as its adviser.

KUALA LUMPUR (Oct 27): Five months have passed and the Armed Forces Fund Board (LTAT) is still making up its mind on the privatisation of its debt-laden flagship group, Boustead Holdings Bhd, since the army fund first expressed consideration for the corporate exercise.

KUALA LUMPUR (Sept 9): Transmile Group Bhd's founder and former CEO Gan Boon Aun (pictured) is appealing against his conviction by the Sessions Court for furnishing misleading financial statements to Bursa Malaysia in 2007.

KUALA LUMPUR (Aug 15): The temporary increase of the gearing limit for real estate investment trusts (REITs) by the Securities Commission Malaysia (SC) “is seen as timely for the sector”, The Edge Malaysia reported recently.

KUALA LUMPUR (Aug 14): The High Court here today fixed Sept 29 to hear the appeal of former Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim and former remisier Tiong Kiong Choon who had each been sentenced to five years' jail and fined for insider trading in relation to APL Industries Bhd (APLI).