SC issues cease and desist directive to Quantum Metal

PETALING JAYA: The Securities Commission (SC) yesterday has directed Datuk Lim Khong Soon @ Lim Hock Seng, the founder and director of Quantum Metal Exchange Inc (QMEI), to immediately cease and desist the offering of QMEI shares to the Malaysian public.

The QMEI share offering, which is currently ongoing, contravenes the relevant requirements under securities laws, the SC said in a statement.

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