Bursa reprimands TA Securities

Bursa says TA Securities breached ACE Market Listing Requirements.

PETALING JAYA: Stock market operator Bursa Malaysia has publicly reprimanded TA Securities Holdings Bhd for breaching ACE Market Listing Requirements during the listing of Catcha Digital Media Bhd, formerly known as Rev Asia Bhd.

Being the sponsor and principal adviser of Catcha, TA Securities failed to undertake an assessment on the internal controls of Rev and risk management systems of iMedia Asia Sdn Bhd, prior to submitting the listing application on Rev’s proposed regularisation plan, it said in a statement.