KUALA LUMPUR: The Kuala Lumpur High Court has dismissed the appeals by Datuk Phillip Wong Chee Kheong and Francis Bun Lit Chun and affirmed their conviction in manipulating Suremax Group Bhd shares.
In a statement issued yesterday, the Securities Commission said it viewed the High Court’s decision as positive given that market manipulation is a “serious form of market abuse”.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!