A screen displays the Dow Jones Industrial Average after the closing bell on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 19, 2018.- REUTERS
KUALA LUMPUR: Supermax Corp Bhd
fell in early morning trade on the back of news that group executive director Datin Seri Cheryl Tan Bee Geok had vacated her office following her sentencing for insider trading.
Supermax issued a statement to the stock exchange yesterday, saying that a succession plan is in place.
"The position of the business remains intact and the management stands strong in growing the business going forward,” it said.
Tan was fined RM7mil and sentenced to a five-year jail term for communicating material non-public information to her sister in October 2007, which was tied to her disposal of 350,000 APL Industries Bhd shares.
At 10am, Supermax was trading eight sen or 1.87% lower at RM4.20 on the back of 2.58 million shares done.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
