KUALA LUMPUR: The Securities Commission Malaysia (SC) said today that it has conducted raids on the premises of 'certain listed firms'.
The SC in a statement said it takes any allegations of misconduct seriously and will take necessary actions to address any wrongdoing uncovered during the investigations.
"However, due to the ongoing nature of the investigations, the SC is unable to provide further details at this time," the regulator told the Business Times today. A local English daily today reported that SC has raided a number of companies listed on the local stock exchange following complaints and tip-offs from the public.
The complaints were on alleged fraud, as well as potential false or misleading disclosure by several public-listed companies in their fund-raising exercises, including private placements, employees share option schemes and rights issues.
Quoting sources it said raids were conducted around the Tropicana area in Petaling Jaya.
"A number of listed companies had taken advantage of relaxed fund-raising rules that were loosened during the Covid-19 crisis.
"The rules were changed to allow companies to sell up to 20 per cent of their issued share capital via private placements until Dec 31, 2021, compared with 10 per cent previously," it added.
https://www.nst.com.my/business/corporate/2024/03/1025721/securities-commission-says-it-conducted-raids-premises-certain
Created by savemalaysia | Aug 24, 2024
Created by savemalaysia | Aug 24, 2024
Created by savemalaysia | Aug 24, 2024
Created by savemalaysia | Aug 24, 2024
Created by savemalaysia | Aug 24, 2024
Created by savemalaysia | Aug 24, 2024
neh those announce mou during mco one ah, jv untuk buat face mask, buat sanitizer, buat sarung tangan tu ah
2024-03-14 21:08
several public-listed companies, but raids were conducted around the Tropicana area in Petaling Jaya?
hmm mcm satu yg match. tu satu bangunan ade banyak listing company tu ah.
47410, Persiaran Tropicana, 47410 Petaling Jaya, Selangor
2024-03-14 21:14
https://theedgemalaysia.com/article/special-report-hidden-hands-behind-penny-stock-surge
It is also telling that nine of the 21 companies mentioned — AT Systemization Bhd, MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd and NetX Holdings Bhd — have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya.
2024-03-14 21:27
thisistheway
Any idea which companies being raided?
2024-03-14 19:49