KUALA LUMPUR: Bursa Malaysia has publicly reprimanded, imposed a fine of RM409,000 and ordered to strike off Ong Kai Boon from the register for engaging in manipulative trading activities of order book manipulation in the shares of 11 counters.
In a statement released yesterday, Bursa said the 11 counters are Inix Technologies Holdings Bhd; Inix – warrants A; K-One Technology Bhd
; Vivocom International Holdings Bhd; Gets Global Bhd; Bintai Kinden Corp Bhd; Sino Hua-an International Bhd; Solution Group Bhd; Melewar Industrial Group Bhd; Lion Industries Corp and HPP Holdings Bhd.
“Bursa Malaysia places strong emphasis on the need to maintain an orderly and fair market, and will not tolerate any acts or practices which could lead to false trading, manipulative activities and/or compromise the integrity of the market,” it said. — Bernama
