The SC claimed that Yu had engaged in manipulative activities in the trading of Shang shares.
PETALING JAYA: The Securities Commission (SC) has initiated a civil suit at the Kuala Lumpur High Court against Datuk Dr Yu Kuan Chon for market rigging and manipulation breaches involving shares in Shangri-La Hotels (M) Bhd
(Shang).
According to the statement of claim filed by the SC, the regulator alleged that Yu had traded Shang shares between March 1, 2018 and July 24, 2018 in a manner that caused a surge in the traded volume and share price of Shang.
