KUALA LUMPUR: The Securities Commission (SC) has charged Melewar Industrial Group Bhd’s (MIG) former chief executive officer Datuk Lim Kim Chuan and two other individuals with insider trading.
The capital market regulatory agency said in a statement yesterday that Lim, 56, was charged at the Kuala Lumpur Sessions Court for acquiring 398,000 M3nergy Bhd shares between Aug 6, 2008 and Sept 11, 2008 while possessing material non-public information.
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