SC sues Vun, 6 others over DVM Tech shares

PETALING JAYA: The Securities Commission (SC) has taken enforcement action against Kenneth Vun (pic) and six others for creating a false market in the trading of DVM Technology Bhd shares over a one-week period in March 2006.

The SC is seeking a disgorgement of all profits earned by Vun from the DVM share trades and the others, as well as a civil penalty of RM1mil from each of them. The SC is also seeking for the seven to be barred from being directors of public-listed companies and from trading on the stock exchange for a period of five years.

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Business , Corporate News , DVM , 0036 , Harvest Court , 9342


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