Koon in the spotlight over untimely disclosures

THE late disclosures to Bursa Malaysia by savvy investor and philanthropist Koon Yew Yin on the disposal of his shares are now raising questions.

Based on Bursa’s listing requirements, a substantial shareholder needs to give notice on their acquisitions or disposals two weeks from the day they buy or sell the shares. In Koon’s case, he disclosed weeks later. the disposal of his shares in VS Industry Bhd and Latitude Tree Bhd.