RM1m fine for short-selling


  • Nation
  • Friday, 21 May 2004

KUALA LUMPUR: Two securities firms and a dealer's representative were fined a total of RM1mil by the Sessions Court after they were found guilty for short-selling 141,000 units of Proton Bhd shares seven years ago. 

Credit Lyonnais Securities (Singapore) Pte Ltd was fined RM400,000 and CIMB Securities Sdn Bhd RM400,000. Its dealer Ng Wai Hong was fined RM200,000. 

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