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tag:www.bursamalaysia.com,2005:/bm/corporate/media-centre/media-releases?format=xml Bursa Malaysia - Media Releases 2017-10-17T18:59:00+08:00 /images/bursa_wrmp/logo.png tag:www.bursamalaysia.com,2005:MediaRelease/5337 2017-10-17T18:59:00+08:00 2017-10-17T19:06:44+08:00 SECTOR UPDATE: MERCURY INDUSTRIES BERHAD <p>Bursa Malaysia Berhad (Bursa Malaysia) has decided to update the classification of sector for MERCURY INDUSTRIES BERHAD (&ldquo;MERCURY&rdquo;) to come into effect on <strong>9.00 a.m., Friday, 20 October 2017.</strong> The update in the classification of sector for MERCURY is as follows:</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="114"> <p style="text-align: center;"><strong>Company</strong></p> </td> <td style="text-align: center;" valign="top" width="99"> <p align="center"><strong>Stock Short Name</strong></p> </td> <td style="text-align: center;" valign="top" width="72"> <p align="center"><strong>Stock&nbsp;</strong><strong>Number</strong></p> </td> <td style="text-align: center;" valign="top" width="90"> <p align="center"><strong>Present&nbsp;</strong><strong>Sector</strong></p> </td> <td valign="top" width="88"> <p style="text-align: center;" align="center"><strong>New&nbsp;</strong><strong>Sector</strong></p> </td> </tr> <tr> <td valign="top" width="114"> <p style="text-align: center;">&nbsp;<br />MERCURY INDUSTRIES BERHAD<br />&nbsp;</p> </td> <td style="text-align: center;" valign="top" width="99"> <p align="center">&nbsp;<br />MERCURY</p> </td> <td style="text-align: center;" valign="top" width="72"> <p align="center">&nbsp;<br />8192</p> </td> <td style="text-align: center;" valign="top" width="90"> <p align="center">&nbsp;<br />Industrial Products</p> </td> <td valign="top" width="88"> <p style="text-align: center;" align="center">&nbsp;<br />Construction<br /><br /></p> </td> </tr> </tbody> </table> <p><br />The stock number and stock short name for MERCURY&rsquo;s shares remain unchanged.</p> <p>The classification of sector for MERCURY has been updated based on the criteria which take into account, among others, the following factors:-</p> <p>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in business activity for the company<br />-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Core business activity contribution to company&rsquo;s financial results.</p> The update in the classification of sector will ensure all investors and industry participants are kept informed on the latest development of public listed companies in the various sectors of the Bursa Securities&rsquo; Main Market and ACE Market. tag:www.bursamalaysia.com,2005:MediaRelease/5333 2017-10-12T17:31:00+08:00 2017-10-12T17:52:48+08:00 BURSA MALAYSIA SECURITIES REPRIMANDS, FINES AND SUSPENDS WONG MIN JUN FOR ENGAGING IN MANIPULATIVE DEALING ACTIVITIES <p><strong>KUALA LUMPUR, 12 OCTOBER 2017</strong> &ndash; Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded, imposed a fine of RM20,000 and suspended/restricted (as the case may be) Wong Min Jun (WMJ) for 3 months as/from being a Registered Person of Bursa Malaysia Securities, for engaging in manipulative trading activities in the securities of Lay Hong Berhad (LAYHONG).</p> <p>In addition, WMJ was required to undergo training on conduct or professionalism of Dealer&rsquo;s Representatives (DRs)/market offences.&nbsp;</p> <p>WMJ, who was at the material time of the breach a Salaried Dealer&rsquo;s Representative of Mercury Securities Sdn Bhd at its Kuala Lumpur Branch Office, had contravened and/or triggered the provisions of Rules 3.14(d), (e) &amp; (g) and 5.01(b) of the Rules of Bursa Malaysia Securities and paragraph 1.1(1)(h) of Directives No. 5-001 of the Participating Organisations&rsquo; Directives and Guidance (POs&rsquo; Directives).</p> <p>The finding of the breach and imposition of the sanctions on WMJ were made pursuant to Rule 15.02 of the Rules of Bursa Malaysia Securities after according due process to WMJ and taking into consideration the following:-</p> <p>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all facts and circumstances, including the severity, extent and impact of the breaches;</p> <p>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the conduct of WMJ as well as his asserted mitigating factors including his financial hardship/condition; and</p> <p>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMJ&rsquo;s co-operation with Bursa Malaysia Securities in the enforcement action against him by admitting/not disputing the breaches, hence resulting in earlier resolution of the case. In this regard, in determining the sanctions to be imposed, Bursa Malaysia Securities will take into account the extent of co-operation by the errant party (including admission of the breaches/timing of the initiation of settlement by the errant party).</p> <p>Bursa Malaysia Securities places strong emphasis on the need to maintain a fair and orderly 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. Bursa Malaysia Securities will not hesitate to take appropriate actions against anyone who engages in such misconducts which commensurate with the severity of the breach, including suspension/striking off a Registered Person from the Register and imposition of fines.</p> <p>&nbsp;</p> <p><strong><span style="text-decoration: underline;">BACKGROUND</span></strong></p> <p>(1) The breaches by WMJ were in relation to his manipulative trading activities in the securities of LAYHONG through a client&rsquo;s account over a period of time (the Relevant Period) which involved/had the following characteristics (Manipulative Trading Activities):-&nbsp;</p> <ol type="a"> <li>the repetitive execution of increasing bid trades (IB Trades) that drove up or maintained LAYHONG share price at certain levels through the entry of buy orders at prices higher than the prevailing market prices in the client&rsquo;s account; and</li> <li>the execution of marking the close trades (Marking the Close activities) through the entry of buy orders at prices higher than the last traded price (LTP)/prevailing Theoretical Closing Price prior to/during the pre-closing phase which resulted in the closing price of LAYHONG shares to either surge and close at the day high or at a price higher than the LTP.</li> </ol> <p>These repetitive buying up of the shares via IB Trades including in small quantity and late in the day while LAYHONG share price was on a downward trend/the constant buying at higher prices towards the end of the trading day in the Marking the Close activities had interfered with the genuine market forces of supply and demand.<br /><br /></p> <p>(2) These Manipulative Trading Activities by WMJ:-</p> <ol type="a"> <li>had dictated the direction of LAYHONG share price and consequently caused the share price to rise/close higher or prevented the price from closing lower;</li> <li>determined/influenced the closing price of LAYHONG; and</li> </ol> <p>thus, had given rise to the creation of a false/misleading appearance of the price of the securities of LAYHONG during the Relevant Period (False/Misleading Appearance of Securities).<br /><br /></p> <p>(3) By facilitating/engaging in/failing to restrain or refrain the client from the Manipulative Trading Activities during the Relevant Period despite the client&rsquo;s irregular trading patterns set out above, WMJ had failed to discharge his duties as a DR to:-</p> <ol type="a"> <li>observe professional conduct, standards of integrity and fair dealing including exercise due care and diligence in the execution of trades including making a proper assessment of the client&rsquo;s orders received/executed and their impact;</li> <li>carry out his duties efficiently and in a manner which contributes to the maintenance of a fair and orderly market; and</li> <li>avoid or refrain from engaging in acts or practices which might lead to a False/Misleading Appearance of Securities.&nbsp;</li> </ol> <p>&nbsp;</p> <p align="center"><strong>ADDENDUM</strong></p> <p>Rules 3.14(d), (e) &amp; (g) and 5.01(b) of the Rules of Bursa Malaysia Securities and paragraph 1.1(1)(h) of Directives No. 5-001 of the POs&rsquo; Directives (which came into effect on 2 May 2013) state, amongst others, that a Registered Person must:-</p> <ul> <li>observe professional conduct, standards of integrity and fair dealing, exercise proper skill, care and diligence and carry out the Registered Person&rsquo;s duties in a manner that contributes to the maintenance of an orderly and fair stock market;</li> </ul> <ul> <li>in the conduct of the PO&rsquo;s business, not through any act or omission, do anything which may result in or has the effect of the market not being orderly and fair; and&nbsp;</li> </ul> <ul> <li>not engage in any act or practice that might lead to a false or misleading appearance of active trading in any securities on the stock market of the Exchange or a false or misleading appearance with respect to the market for, or the price of, any such securities, or directly or indirectly be tantamount to stock market manipulation.</li> </ul> tag:www.bursamalaysia.com,2005:MediaRelease/5329 2017-10-11T11:01:13+08:00 2017-10-11T11:02:03+08:00 CLOSURE OF BURSA MALAYSIA IN CONJUNCTION WITH DEEPAVALI <p>Bursa Malaysia Berhad and its subsidiaries will be closed on Wednesday, 18 October 2017, in conjunction with Deepavali celebrations.</p> Bursa Malaysia and its subsidiaries will resume operations on Thursday, 19 October 2017. tag:www.bursamalaysia.com,2005:MediaRelease/5325 2017-10-09T18:50:02+08:00 2017-10-09T18:58:11+08:00 BURSA MALAYSIA SEEKS PUBLIC FEEDBACK ON REVAMPED CORPORATE GOVERNANCE GUIDE <p><strong>Kuala Lumpur, 9 October 2017</strong> - Bursa Malaysia Securities Berhad (&ldquo;Bursa Malaysia&rdquo; or &ldquo;the Exchange&rdquo;) today issued a consultation paper seeking public feedback on the proposals to revamp its Corporate Governance Guide (&ldquo;Revamped Guide&rdquo;).</p> <p>The proposed Revamped Guide is aimed at providing a practical guide for listed issuers to improve their corporate governance (&ldquo;CG&rdquo;) practices and reporting with particular emphasis on the principles and practices (&ldquo;Practices&rdquo;) that are contained in the new Malaysian Code on Corporate Governance (&ldquo;MCCG&rdquo;) released by the Securities Commission Malaysia on 26 April 2017.</p> <p>While the proposed Revamped Guide still contains some of the useful information from the 2<sup>nd</sup> Edition of the Corporate Governance Guide issued by the Exchange in 2012, it has been given a major enhancement in terms of its content and layout to improve its overall usefulness to directors and listed issuers.&nbsp;</p> <p>The proposed Revamped Guide takes into account the new approach of &ldquo;CARE&rdquo; (Comprehend, Apply and Report) introduced in the MCCG. Its structure is aligned to the new structure of the MCCG which comprises 3 principles, Intended Outcome, Practices, and Step-Up Practices for large companies as defined in the MCCG (&ldquo;Step-Up Practices&rdquo;) as well as Guidance that follows each Practice.</p> <p>The key features of the proposed Revamped Guide include:</p> <ul> <li>Case for change, to enable listed issuers to understand better the value proposition and benefits for adopting each Practice and Step-Up Practice mentioned in the MCCG;</li> <li>Practical guidance to help listed issuers implement the Practices in the form of key considerations for applying each Practice, Dos and Don&rsquo;ts in implementing the Practices, red flags to watch out for and sample policies and instruments that can be customised by listed issuers in implementing the relevant Practice; and</li> <li>Insights for deeper reflection and internalisation of CG by highlighting, among others, hot button issues, case studies and international developments.</li> </ul> <p>The consultation paper is available at:</p> <p><a href="http://www.bursamalaysia.com/market/regulation/rules/public-consultation">http://www.bursamalaysia.com/market/regulation/rules/public-consultation</a></p> <p>Interested parties and the public are invited to submit their comments and feedback to Bursa Malaysia by <strong>23 October 2017</strong>.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5321 2017-09-29T17:16:01+08:00 2017-09-29T17:15:49+08:00 BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS SCANWOLF CORPORATION BERHAD FOR BREACH OF THE MAIN MARKET LISTING REQUIREMENTS <p><strong>KUALA LUMPUR, 29 SEPTEMBER 2017 </strong>&ndash; Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Scanwolf Corporation Berhad (SCNWOLF) in respect of the company&rsquo;s fourth quarterly report for the financial year ended 30 June 2016 (QR 4/2016) announced on 29 August 2016 which was in contravention of paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).</p> <p>Paragraph 9.16(1)(a) of the Main LR states that a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.&nbsp;</p> <p>SCNWOLF had failed to ensure that the QR 4/2016 took into account the adjustments as stated in its announcement dated 19 October 2016.</p> <p>The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter including the materiality of the breach and upon completion of due process.</p> <p>SCNWOLF was also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the company&rsquo;s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended 31 December 2017.&nbsp; In addition, SCNWOLF must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR pertaining to financial statements.</p> <p>While Bursa Malaysia Securities has not found any of SCNWOLF&rsquo;s directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight and remind that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR.&nbsp; The Board of Directors of SCNWOLF at the material time was as follows:-</p> <ol> <li>Dato&rsquo; Othman bin Talib</li> <li>Dato&rsquo; Ong Boon Aun @ Jaymes Ong</li> <li>Dato&rsquo; Tan Sin Keat</li> <li>Teoh Teik Kean</li> <li>Dato&rsquo; Loo Bin Keong</li> <li>Mohd Azizal bin Shubali</li> <li>Abdul Hamid bin Abdul Shukor</li> <li>Dato&rsquo; Ibrahim bin Saleh</li> <li>Ong Sing Guan</li> </ol> <p>Bursa Malaysia Securities views the contravention seriously as the timely and accurate submission of financial statements to enable investors to make informed investment decisions is one of the fundamental obligations of companies listed on the Official List of Bursa Malaysia Securities.&nbsp;</p> <h4>BACKGROUND</h4> <p>SCNWOLF had reported an unaudited loss attributable to the owners of the company of RM424,605 in its QR 4/2016 announced on 29 August 2016 as compared to an audited loss attributable to the owners of the company of RM2,054,365 in the audited financial statements for the financial year ended 30 June 2016 (AFS 2016) announced on 19 October 2016. The difference of RM1,629,760 between the QR 4/2016 and the AFS 2016 represented a variance of 384%.</p> <p>The adjustment was mainly due to the consolidation adjustment for elimination of unrealised revenue and property development costs between two subsidiaries of the company. &nbsp;There was no reasonable justification for the company&rsquo;s failure to take into account the adjustment that was made in accordance with clear accounting standard under MFRS 10 which requires consolidated financial statements to eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5317 2017-09-27T18:33:00+08:00 2017-09-27T19:07:44+08:00 BURSA MALAYSIA DERIVATIVES LAUNCHES COMPETITIONS TO INVIGORATE THE MARKET FOR FTSE BURSA MALAYSIA KLCI OPTIONS <p><strong>Kuala Lumpur, 27 September 2017</strong> - Bursa Malaysia Derivatives Berhad (&ldquo;BMD&rdquo;) will be launching two competitions for BMD Professional Traders and Individual Traders to spur excitement for its FTSE Bursa Malaysia KLCI Options (&ldquo;OKLI&rdquo;) contracts. These competitions will commence on 2 October 2017 and are part of continued efforts undertaken by the Exchange to boost interest in the OKLI market.</p> <p>&ldquo;The global equity index options market has seen significant growth over the years<a title="" href="#_ftn1">[1]</a>. In Malaysia there is tremendous growth potential for our OKLI contracts, with only 10,171 stock index options contracts traded in 2016 as compared to 2.75 million stock index futures contracts traded in the same period,&rdquo; said Datuk Seri Tajuddin Atan, Chief Executive Officer, Bursa Malaysia.</p> <p>&ldquo;The competitions are just part of Bursa Malaysia&rsquo;s initiatives to increase the appetite for FTSE Bursa Malaysia KLCI Options. We will also continue with our outreach programme to further educate investors on the benefits of options trading.&rdquo;</p> <p>Under the Professional Traders category, the first prize winner will take home RM15,000, while the second and third prize winners will be rewarded with RM10,000 and RM5,000 respectively.</p> <p>In addition, the Individual category offers as prizes various attractive Apple products such as Macbook Pro, iPad, iPhone, Apple Watches and Apple TVs valued up to RM30,000.</p> <p>To qualify for the competition, both Professional Traders and Individual Traders must meet a pre-determined minimum volume threshold for OKLI and FTSE Bursa Malaysia KLCI Futures (&ldquo;FKLI&rdquo;) contracts.</p> <p>Both competitions will run for a period of 1-year, starting from 2 October 2017 to 28 Sep 2018.</p> <p>Interested parties can contact any of BMD&rsquo;s derivative brokers to obtain further information regarding the competition. A list of derivative brokers can be obtained from Bursa Malaysia&rsquo;s website &ndash; <a href="http://www.bursamalaysia.com/market/derivatives/brokers/list-of-trading-participants/" target="_blank">http://www.bursamalaysia.com/market/derivatives/brokers/list-of-trading-participants/</a></p> <p>***</p> <p class="Normal1">&nbsp;</p> <div><hr align="left" size="1" width="33%" /> <div> <p class="p1" style="font-size: 11px;">[1]Global Equity Index Options Market (Source : World Federation of Exchanges)</p> <table border="1" cellspacing="0" cellpadding="0" align="left"> <tbody> <tr> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">Year</p> </td> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">Equity Index Options Volume (million of contracts)</p> </td> </tr> <tr> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">2000</p> </td> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">351</p> </td> </tr> <tr> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">2016</p> </td> <td valign="top"> <p class="p1" style="font-size: 11px;" align="center">2,681</p> </td> </tr> </tbody> </table> <p>&nbsp;</p> <p>&nbsp;</p> </div> </div> tag:www.bursamalaysia.com,2005:MediaRelease/5313 2017-09-25T15:12:00+08:00 2017-09-25T15:12:13+08:00 CHANGE OF NAME FROM CYBERTOWERS BERHAD TO PARLO BERHAD <p>Bursa Malaysia Berhad (Bursa Malaysia) wishes to announce the change of name of a Company as follows:</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="145"> <p style="text-align: center;"><strong>Old Name</strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>Old Stock&nbsp;<br /></strong><strong>Short Name</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>New Name</strong></p> </td> <td style="text-align: center;" valign="top" width="90"> <p><strong>New Stock<br /></strong><strong>Short Name</strong></p> </td> </tr> <tr> <td style="text-align: center;" valign="top" width="145"> <p><strong>CYBERTOWERS BERHAD</strong><strong></strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>CYBERT</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>PARLO&nbsp;BERHAD</strong><strong></strong></p> </td> <td valign="top" width="90"> <p style="text-align: center;"><strong>PARLO</strong></p> </td> </tr> </tbody> </table> <br /> <p>The Company&rsquo;s shares will be listed under the new name with effect from <strong>9:00 a.m., Wednesday, 27 September 2017.</strong>&nbsp; The stock number remains unchanged.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5309 2017-09-15T17:39:57+08:00 2017-09-15T17:44:50+08:00 CLOSURE OF BURSA MALAYSIA IN CONJUNCTION WITH AWAL MUHARRAM 2017 <p>Bursa Malaysia Berhad and its subsidiaries will be closed on Friday, 22nd September 2017 in conjunction with Awal Muharram.</p> Bursa Malaysia and its subsidiaries will resume operations on Monday, 25 September 2017. tag:www.bursamalaysia.com,2005:MediaRelease/5305 2017-09-14T20:13:00+08:00 2017-09-14T20:27:28+08:00 BURSA BULL CHARGE RETURNS WITH 1,818 RUNNERS <p><strong>Kuala Lumpur, 14 September 2017 &ndash; </strong>The fourth edition of the Bursa Bull Charge returned today amid great revelry with the participation of 1,818 runners from 150 organisations. Coincidentally, &lsquo;1818&rsquo; is also the stock code of Bursa Malaysia Berhad. The objective of the run is to promote themes such as inclusiveness, social entrepreneurship and sustainability through which the capital market can reach out to support the vulnerable, under-privileged and under-represented in our communities, while at the same time building a more sustainable future for the market.</p> <p>True to its spirit of inclusiveness, the run included representatives from organisations such as Public Listed Companies, Investment Banks, Brokers, SMEs, Ministries and Regulators who ran alongside university students, young executives and members of the media.</p> <p>Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia said, &ldquo;This year&rsquo;s Bursa Bull Charge has been a resounding success due to the unwavering commitment of the participants, sponsors and volunteers and I would like to record my appreciation to all of them. &nbsp;The capital market and its supporters have once again come together to contribute to a noble cause.&nbsp; Bursa Bull Charge promotes several themes and among them are greater inclusiveness in the marketplace, initiatives related to social entrepreneurship and the better integration of sustainability and sustainable business practices into the capital market. This year, in line with Bursa Malaysia&rsquo;s aspiration to be a sustainability champion, we managed a carbon neutral event. I&rsquo;m happy to see our participants and their supporters taking advantage of the free rides provided by an electric bus plying the route and the rebate offered by a ride sharing company. Surplus food and water were also donated to a food bank to reduce wastage.&rdquo; &nbsp;</p> <p>Dato CC Ngei, Managing Director of Feruni Ceramiche Sdn Bhd said, &ldquo;For the fourth consecutive year, Feruni charges ahead again at the Bursa Bull Charge 2017. As with previous years, Feruni&rsquo;s participation is not only limited to being a main sponsor of this prestigious event but also to race together with other corporate organisations for a good cause. In Feruni, contributing to the community is an important element of our company's culture and we are committed to do our part via various CSR initiatives. This race is made much more meaningful as this allowed us to train together and have a healthy lifestyle. Therefore, we are happy that this Bursa run is in line with our key purpose of Community Sustainability.&rdquo;</p> <p>Mr. Teong Teck Lean, Managing Director/CEO of GD Express Carrier Berhad, said &ldquo;As an organisation that strives to connect the communities through our daily delivery operations, we feel that it is in our DNA to give something back to the community. Becoming the Buffalo Sponsor of the Bursa Bull Charge is definitely a positive form of contribution to the well-being of the community in promoting healthy lifestyle and unity through sports.&rdquo;</p> <p>Funds which were raised through the event will be distributed to 30 beneficiaries representing a range of different segments including the disabled, youth, underprivileged and single mothers.</p> <p>The sponsors of the Bursa Bull Charge 2017 include Gaur Sponsor Feruni Ceramiche Sdn Bhd. Buffalo sponsors included GD Express Carrier Berhad, Scientex Quatari Sdn Bhd and SP Setia Berhad. Meanwhile, the Ongole sponsors were Pavillion REIT Berhad, Ecoworld Berhad, Pestech Berhad, TRX, Ekovest Berhad, Karex Berhad, Tenaga Nasional Berhad, Press Metal Berhad and Top Glove Corporation Berhad.</p> <p>Featured sponsors and partners include Women runners Sponsor Maybank Investment Bank Berhad, Timer- Start/Finish Arch Sponsor Software Dynamics Sdn Bhd, Runners towel Sponsor ValueCap, Medals Sponsor Pelaburan Mara Berhad, Finish Line Sponsor NH2 System Sdn Bhd, Medical Services partner International SOS, Insurance partner Pacific Insurance, Drinks partner F&amp;N,Apparel partner Brooks, Media partners Nanyang Siang Pau and Media Prima Berhad, Fitness partner Fitness First and Transport partners Uber and Elektrik Bas Innovasi Malaysia.</p> <p>In the spirit of running for others, the Bursa Bull Charge has grown to become the pride of the capital market in fostering unity and camaraderie, as we help to build stronger communities together.&nbsp;Each passing year has seen the participation of more teams drawn from across the breadth of the Malaysian capital market.&nbsp;</p> <p>The Bursa Bull Charge tracks a 5km run through Kuala Lumpur&rsquo;s Capital Market Trail that passes the headquarters of a number of Malaysia&rsquo;s capital market players. The run categories include the 1.5km CEO Run, a 5.0km Individual Run and a 2.5km Corporate Relay Run.</p> <p>Please check out the fun and excitement of the Bursa Bull Charge at the Bursa Bull Charge Facebook page.</p> <p>Pictures and Captions:</p> <p><r:assets:image id="22409" size="original" /></p> <p style="text-align: center;">Capital Market leaders getting ready to run for others at Bursa Bull Charge 2017</p> <p>&nbsp;</p> <p><r:assets:image id="22413" size="original" /></p> <p style="text-align: center;">Bursa Bull Charge is the capital market&rsquo;s annual charity run to promote inclusiveness, social entrepreneurship and sustainability</p> tag:www.bursamalaysia.com,2005:MediaRelease/5301 2017-09-13T15:36:00+08:00 2017-09-13T15:58:11+08:00 BURSA BULL CHARGE 2017: ROUTE MAP AND RUN TIMES <p><strong>KUALA LUMPUR, 13 SEPTEMBER 2017</strong> &ndash; The Bursa Bull Charge capital market run returns on Thursday, 14 September 2017. Runners will charge along the streets of Kuala Lumpur&rsquo;s central business district from 3.00 pm to 5.00 pm on that day to raise funds for the under-privileged and the disadvantaged.</p> <p>Bursa Malaysia would like to inform motorists and other road users to be guided by the following run routes and times to avoid traffic interruptions.</p> <p><strong>1.5km CEO Run<br /></strong><strong>Start time: 3.00 pm<br /></strong>Starting from Exchange Square and passing through Jalan Raja Chulan and Persiaran Maybank.</p> <p style="text-align: center;"><span style="text-align: center;"><r:assets:image id="22393" size="original" /><br /><br /></span></p> <p><strong>5km Corporate Challenge &amp; Future Leaders Run<br /></strong><strong>Start time: 3.20 pm<br /></strong>Starting from Exchange Square and passing through Jalan Raja Chulan, Persiaran Raja Chulan, Changkat Raja Chulan, Jalan Sultan Ismail, Jalan Ampang, Jalan Gereja, Jalan Bukit Nanas and Persiaran Maybank.</p> <p style="text-align: center;"><r:assets:image id="22397" size="original" /><br /><br /></p> <p><strong>2.5km Relay Run<br /></strong><strong>Start time: 3.30 pm<br /></strong>Starting from Exchange Square and passing through Jalan Raja Chulan, Changkat Raja Chulan, Jalan Ceylon and Persiaran Maybank.</p> <p style="text-align: center;"><r:assets:image id="22401" size="original" /></p> <p>For more information about the Bursa Bull Charge, please visit <a href="http://bullcharge.bursamarketplace.com">http://bullcharge.bursamarketplace.com</a>. You can also join in the fun at #bursabullcharge.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5297 2017-09-11T15:01:33+08:00 2017-09-11T15:06:35+08:00 CHANGE OF NAME FROM RELIANCE PACIFIC BERHAD TO AVILLION BERHAD <p>Bursa Malaysia Berhad (Bursa Malaysia) wishes to announce the change of name of a Company as follows:</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="145"> <p style="text-align: center;"><strong>Old Name</strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>Old Stock&nbsp;<br /></strong><strong>Short Name</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>New Name</strong></p> </td> <td style="text-align: center;" valign="top" width="90"> <p><strong>New Stock<br /></strong><strong>Short Name</strong></p> </td> </tr> <tr> <td style="text-align: center;" valign="top" width="145"> <p><strong>RELIANCE PACIFIC BERHAD</strong><strong></strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>RPB</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>AVILLION&nbsp;BERHAD</strong><strong></strong></p> </td> <td valign="top" width="90"> <p style="text-align: center;"><strong>AVI</strong></p> </td> </tr> </tbody> </table> <br />The Company&rsquo;s shares will be traded and quoted under the new name with effect from <strong>9:00 a.m., Thursday, 14 September 2017.</strong>&nbsp; The stock number remains unchanged. tag:www.bursamalaysia.com,2005:MediaRelease/5293 2017-09-08T17:07:00+08:00 2017-09-08T17:17:45+08:00 SECTOR UPDATE: MARINE & GENERAL BERHAD <p>Bursa Malaysia Berhad (Bursa Malaysia) has decided to update the classification of sector for Marine &amp; General Berhad (&ldquo;M&amp;G&rdquo;) to come into effect on <strong>9.00 a.m., Friday, 15 September 2017.</strong> The update in the classification of sector for M&amp;G is as follows:</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="150"> <p><strong>Company</strong></p> </td> <td valign="top" width="100"> <p align="center"><strong>Stock Short Name</strong></p> </td> <td valign="top" width="100"> <p align="center"><strong>Stock&nbsp;</strong><strong>Number</strong></p> </td> <td valign="top" width="100"> <p align="center"><strong>Present&nbsp;</strong><strong>Sector</strong></p> </td> <td valign="top" width="100"> <p align="center"><strong>New&nbsp;</strong><strong>Sector</strong></p> </td> </tr> <tr> <td valign="top" width="150"> <p>&nbsp;MARINE &amp; GENERAL BERHAD&nbsp;</p> </td> <td valign="top" width="100"> <p align="center">&nbsp;M&amp;G</p> </td> <td valign="top" width="100"> <p align="center">5078</p> </td> <td valign="top" width="100"> <p align="center">&nbsp;Infrastructure Project Companies</p> </td> <td valign="top" width="100"> <p align="center">&nbsp;Trading/Services</p> </td> </tr> </tbody> </table> <p><br />The stock number and stock short name for M&amp;G remain unchanged.</p> <p>The classification of sector for M&amp;G has been updated based on the criteria which take into account, among others, the following factors:-</p> <p>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in business activity for the company<br />-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Core business activity contribution to company&rsquo;s financial results.</p> The update in the classification of sector will ensure all investors and industry participants are kept informed on the latest development of public listed companies in the various sectors of the Bursa Securities&rsquo; Main Market and ACE Market. tag:www.bursamalaysia.com,2005:MediaRelease/5289 2017-09-07T18:28:00+08:00 2017-09-07T18:41:56+08:00 BURSA MALAYSIA WINS ‘BEST ISLAMIC EXCHANGE 2017’ AT THE GLOBAL ISLAMIC FINANCE AWARDS IN KAZAKHSTAN <p><strong>KUALA LUMPUR, 7 SEPTEMBER 2017 </strong>&ndash; Bursa Malaysia Berhad (&ldquo;Bursa Malaysia&rdquo; or &ldquo;The Exchange&rdquo;) was named the &lsquo;Best Islamic Exchange 2017&rsquo; at the Global Islamic Finance Awards 2017 held on 6 September 2017 in Astana, Kazakhstan. The award was presented in recognition of Bursa Malaysia<em>-i,</em> the world&rsquo;s first end-to-end Shariah investing platform which was launched a year ago.</p> <p>Datuk Seri Tajuddin Atan, the Chief Executive Officer of Bursa Malaysia said, &ldquo;We are honoured to accept the &lsquo;Best Islamic Exchange 2017&rsquo; award. This marks the third consecutive year that Bursa Malaysia has won the award from the Global Islamic Finance Awards. We are proud of the recognition from the international Islamic financial community for the outstanding achievement of our Islamic Capital Market and the development of Bursa Malaysia<em>-i</em> as the world&rsquo;s first end-to-end Shariah investing platform. It is a testimony of our position on the global stage as the international Islamic capital marketplace for fund raising and Shariah investing. This award gives us further impetus to continue to spur the growth and vibrancy of the Islamic capital market on the domestic and global front.&rdquo;</p> <p>The introduction of Bursa Malaysia<em>-i</em> aims to deepen the Exchange&rsquo;s role as a key Islamic capital market hub in the ASEAN region and beyond. The platform is a culmination of Bursa Malaysia&rsquo;s long-standing commitment to making Malaysia a comprehensive Islamic investing hub that offers a broad suite of Islamic financial market instruments. The shift towards ethical or value-based investing is growing, particularly the demand for Shariah investing. Being the world&rsquo;s first, Bursa Malaysia-<em>i</em> lends further credence to Malaysia&rsquo;s position as the pre-eminent marketplace for Islamic and socially conscious-based financial offerings.</p> <p align="center"><r:assets:image id="22357" size="original" /></p> <p style="text-align: center;">Professor Humayon Dar, Chairman of Global Islamic Finance Awards presenting the &lsquo;Best Islamic Exchange 2017&rsquo; award to Encik Shamsul Akmal Ahmad, the Director of Islamic Capital Market of Bursa Malaysia, at the Global Islamic Finance Awards 2017 in Astana, Kazakhstan.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5285 2017-09-07T10:21:00+08:00 2017-09-07T10:25:40+08:00 TRANSFER FROM ACE MARKET TO MAIN MARKET: HSS ENGINEERS BERHAD <p>Bursa Malaysia Securities Berhad (&ldquo;Bursa Securities&rdquo;) would like to announce the transfer of the shares of HSS ENGINEERS BERHAD from the ACE Market to the Main Market of Bursa Securities under the &ldquo;Trading/Services&rdquo; sector.</p> <p>Details of the transfer are as follows:-</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>Date &nbsp;: &nbsp;Friday, 8 September 2017</strong></p> <p><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time &nbsp;: &nbsp;9:00 a.m.</strong></p> <p>With the transfer, the stock short name and stock number for the company remain unchanged, as follows:</p> <table style="width: 433px;" border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="163"> <p align="center"><strong>&nbsp;</strong></p> <p align="center"><strong>Company&rsquo;s Name</strong></p> </td> <td valign="top" width="140"> <p align="center"><strong>&nbsp;</strong></p> <p align="center"><strong>Stock Short Name</strong></p> </td> <td valign="top" width="131"> <p align="center"><strong>&nbsp;</strong></p> <p align="center"><strong>Stock Number</strong></p> </td> </tr> <tr> <td valign="top" width="163"> <p align="center">&nbsp;</p> <p align="center">HSS ENGINEERS BERHAD</p> <p align="center">&nbsp;</p> </td> <td valign="top" width="140"> <p align="center">&nbsp;</p> <p align="center">HSSEB</p> </td> <td valign="top" width="131"> <p align="center">&nbsp;</p> <p align="center">0185</p> </td> </tr> </tbody> </table> tag:www.bursamalaysia.com,2005:MediaRelease/5281 2017-08-31T00:33:26+08:00 2017-08-31T00:34:14+08:00 CLOSURE OF BURSA MALAYSIA IN CONJUNCTION WITH A SPECIAL PUBLIC HOLIDAY <p>Bursa Malaysia Berhad and its subsidiaries will be closed on Monday, 4 September 2017, in conjunction with a special public holiday as announced by Prime Minister Datuk Seri Mohd Najib bin Tun Abdul Razak today. The announcement was made following Malaysia&rsquo;s excellence performance at the 2017 SEA Games.</p> <p>Bursa Malaysia and its subsidiaries will resume operations on Tuesday, 5 September 2017.</p> tag:www.bursamalaysia.com,2005:MediaRelease/5277 2017-08-29T17:29:14+08:00 2017-08-29T17:38:02+08:00 BURSA MALAYSIA LAUNCHES GREEN LANE INCENTIVE TO TOP 30 COMPANIES FOR GOOD CORPORATE GOVERNANCE AND DISCLOSURE PRACTICES <p><strong>KUALA LUMPUR, 29 August 2017 </strong>&ndash;&nbsp;Bursa Malaysia Berhad (&ldquo;Bursa Malaysia&rdquo; or &ldquo;the Exchange&rdquo;) today implemented its Green Lane Policy (&ldquo;GLP&rdquo;) incentive to the top 30 listed companies based on their good standard of corporate governance conduct and disclosure practices.</p> <p>The GLP grants certain privileges to these listed companies including faster issuance of circulars to shareholders. The GLP is aimed at recognising and rewarding these companies by facilitating a more efficient time-to-market for their corporate proposals.</p> <p>Under the GLP, the Exchange will no-longer pre-vet circulars issued by these listed companies except for those involving more complex proposals such as major disposal or privatisation, related party transactions and transactions which involve mineral, oil and gas assets (&ldquo;Complex Circulars&rdquo;). This means that these listed companies may issue such circulars to their shareholders as soon as they are ready without having to wait for the Exchange to review the same. Further, the Exchange will fast-track the processing of Complex Circulars (which are still required to be reviewed by the Exchange) submitted by these listed companies.&nbsp;</p> <p>Under the existing framework, irrespective of a listed company&rsquo;s risk profile or the complexity of a circular, all circulars to shareholders (excluding &ldquo;exempt circulars&rdquo; as defined in Practice Note 18 of the Bursa Malaysia Securities Listing Requirements (&ldquo;LR&rdquo;) and those which are stipulated under Paragraph 9.30(2) of the LR) must not be issued until the Exchange has confirmed in writing that it has no further comments on the document.</p> <p>For the initial phase of the GLP, the Exchange has selected and identified the eligible listed companies from the constituents of the FBMKLCI, after considering, among others, the corporate governance related conduct of the listed companies and their board of directors. The list of eligible listed companies will be reviewed from time to time to ensure their continued eligibility to be on the list.</p> Moving forward, Bursa Malaysia will undertake a post-implementation review of the effectiveness of the GLP. The Exchange may expand the eligibility criteria to allow a broader pool of listed companies, with the necessary measures and controls to ensure that the Exchange continues to be facilitative of listed companies&rsquo; needs without compromising the regulatory objectives. tag:www.bursamalaysia.com,2005:MediaRelease/5273 2017-08-24T17:12:18+08:00 2017-08-24T17:21:31+08:00 BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS ASDION BERHAD FOR BREACH OF THE ACE MARKET LISTING REQUIREMENTS <p><strong>Kuala Lumpur, 24 August 2017 </strong>- Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded ASDION BERHAD<strong> </strong>(ASDION) for committing the following breaches of the Bursa Malaysia Securities ACE Market Listing Requirements (ACE LR):-</p> <p>(1) &nbsp;Rule 9.23(1) of the ACE LR for failing to issue its annual report for the financial year ended 31 March 2016 (AR 2016) by the stipulated timeframe of 31 July 2016.&nbsp; The AR 2016 was only issued on 18 August 2016, after a delay of 14 market days; and</p> <p>(2) &nbsp;Rule 9.16(1)(a) of the ACE LR for failing to ensure that the company's announcement dated 31 May 2016 on the fourth quarterly report for the financial year ended (FYE) 31 March 2016 (QR 4/2016) took into account the adjustments as stated in the Company's announcement dated 12 August 2016.</p> <p>ASDION is also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the company&rsquo;s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended 30 September 2017. &nbsp;In addition, ASDION must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the ACE LR pertaining to financial statements.</p> <p>The public reprimand and directives were imposed pursuant to Rule 16.19(1) of the ACE LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including materiality of the breaches and that ASDION had previously breached the ACE LR.</p> <p class="NormalHelvetica">While Bursa Malaysia Securities has not found any of ASDION&rsquo;s directors to have caused or permitted the breaches by the company, Bursa Malaysia Securities wishes to highlight and remind that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the ACE LR. &nbsp;The Board of Directors of ASDION at the material time were as follows:-&nbsp;</p> <ol> <li>Datuk Seri Maglin Dennis D&rsquo;Cruz<strong></strong></li> <li>Mohamad Farid Bin Mohd Yusof<strong></strong></li> <li>Low Jyh Sing<strong></strong></li> <li>Jason Minos Anak Peter<strong></strong></li> <li>Lye Siang Long<strong></strong></li> <li>Selva Rasan a/l Dato&rsquo; Puspa Das<strong></strong></li> <li>Datuk Raime Bin Unggi<strong></strong></li> <li>See Poh Yee<strong></strong></li> <li>Dato&rsquo; Hj. Zulkifli Bin Hj. Alias<strong></strong></li> <li>Ang Chin Poo</li> </ol> <p class="NormalHelvetica">Bursa Malaysia Securities views the aforesaid contraventions seriously and has reminded ASDION and its Board of Directors of their responsibility to maintain appropriate standards of corporate responsibility and accountability to its shareholders and the investing public and ensure that such financial reporting breach will not recur.</p> <p><strong>BACKGROUND</strong></p> <p>1. &nbsp;<span style="text-decoration: underline;">Delay in issuance of the AR 2016</span></p> <p>ASDION had on 2 August 2016 announced that the delay in issuance of the AR 2016 was due to the delay in consolidating the accounts of its subsidiary in Singapore which was pending issuance of confirmation from the auditors in Singapore to ASDION&rsquo;s external auditors.&nbsp; In this regard, it was noted that there was a change in the finance team in the subsidiary and the new and inexperienced finance team had to familiarize with the accounts which had resulted in the subsidiary not being able to provide the audit clearance to ASDION&rsquo;s external auditors.&nbsp;</p> <p>2. &nbsp;<span style="text-decoration: underline;">Inaccurate Announcement of the QR 4/2016</span></p> <p>ASDION reported an unaudited loss after taxation and minority interest of RM921,219 in its QR 4/2016 compared to an audited loss after taxation and minority interest of RM1,742,103 in its audited financial statements for FYE 31 March 2016. In this regard, the difference of RM820,884 between ASDION's QR 4/2016 and audited results represented a variance of approximately 89.1%.</p> <p>The deviation was mainly due to the following: <span style="text-decoration: line-through;">-</span></p> <ul style="list-style-type: lower-alpha;"> <li>over-recognition of gain from disposal of subsidiaries of RM629,000 where the foreign currency translation reserve should be reversed to profit and loss account instead of retained earnings in accordance with clear accounting standard; and</li> <li>under-recognition of costs of goods sold of RM175,000 which was essentially due to the company&rsquo;s oversight.</li> </ul> <p>ASDION had failed to &ndash;</p> <ul> <li>put in place the necessary and proper resources, processes, controls and checks and supervise the proper and effective implementation of the same to enable the company to adhere to its financial reporting obligations (i.e. timely and accurate financial statements) under the ACE LR; and</li> <li>ensure the proper preparation and finalization of the company&rsquo;s and its subsidiaries&rsquo; financial statements, which had led to the breaches.</li> </ul> tag:www.bursamalaysia.com,2005:MediaRelease/5269 2017-08-24T16:15:00+08:00 2017-08-24T16:20:21+08:00 CHANGE OF NAME FROM KBES BERHAD TO GETS GLOBAL BERHAD <p>Bursa Malaysia Berhad (Bursa Malaysia) wishes to announce the change of name of a Company as follows:</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody> <tr> <td valign="top" width="145"> <p style="text-align: center;"><strong>Old Name</strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>Old Stock<br /></strong><strong>Short Name</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>New Name</strong></p> </td> <td style="text-align: center;" valign="top" width="90"> <p><strong>New Stock<br /></strong><strong>Short Name</strong></p> </td> </tr> <tr> <td valign="top" width="145"> <p style="text-align: center;"><strong>KBES BERHAD</strong><strong></strong></p> </td> <td style="text-align: center;" valign="top" width="86"> <p><strong>KBES</strong></p> </td> <td style="text-align: center;" valign="top" width="135"> <p><strong>GETS GLOBAL BERHAD</strong><strong></strong></p> </td> <td style="text-align: center;" valign="top" width="90"> <p><strong>GETS</strong></p> </td> </tr> </tbody> </table> <br />The Company&rsquo;s shares will be traded and quoted under the new name with effect from <strong>9:00 a.m., Monday, 28 August 2017.</strong>&nbsp; The stock number remains unchanged. tag:www.bursamalaysia.com,2005:MediaRelease/5265 2017-08-21T17:34:00+08:00 2017-08-22T08:57:11+08:00 BURSA MALAYSIA SECURITIES REPRIMANDS, FINES AND SUSPENDS WONG WING HAUR FOR ENGAGING IN MANIPULATIVE DEALING ACTIVITIES <p><strong>KUALA LUMPUR, 21 AUGUST 2017</strong> &ndash; Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded, imposed a fine of RM60,000 and suspended/restricted (as the case may be) Wong Wing Haur (WWH) for 10 months as/from being a Registered Person of Bursa Malaysia Securities, for engaging in manipulative trading activities in the securities of 6 counters (the Relevant Counters), namely:-</p> <p>(i) &nbsp; &nbsp;Asdion Berhad (ASDION);</p> <p>(ii)&nbsp;&nbsp; Nexgram Holdings Berhad (NEXGRAM);</p> <p>(iii)&nbsp; Ire-Tex Corporation Berhad (IRETEX);</p> <p>(iv)&nbsp; NEXGRAM-WA;</p> <p>(v) &nbsp; NEXGRAM-WC; and</p> <p>(vi)&nbsp; MQ Technology Berhad (MQTECH).</p> <p>In addition, WWH was required to undergo training on conduct or professionalism of Dealer&rsquo;s Representatives (DRs)/market offences.</p> <p>WWH, who was at the material time of the breach a Salaried Dealer&rsquo;s Representative of JF Apex Securities Bhd at its Principal Office, had contravened and/or triggered the provisions of Rules 3.14(d), (e) &amp; (g) and 5.01(b) of the Rules of Bursa Malaysia Securities and paragraph 1.1(1)(h) of Directives No. 5-001 of the Participating Organisations&rsquo; Directives and Guidance (POs&rsquo; Directives).</p> <p>The finding of the breach and imposition of the sanctions on WWH were made pursuant to Rule 15.02 of the Rules of Bursa Malaysia Securities after according due process to WWH and taking into consideration all facts and circumstances, including the severity, extent and impact of the breaches and the conduct of WWH and his co-operation with Bursa Malaysia Securities in the enforcement action against him by admitting/not disputing the breaches, hence resulting in earlier resolution of the case. In this regard, in determining the sanctions to be imposed, Bursa Malaysia Securities will take into account the extent of co-operation by the errant party (including admission of the breaches/timing of the initiation of settlement by the errant party).</p> <p>Bursa Malaysia Securities places strong emphasis on the need to maintain a fair and orderly 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. Bursa Malaysia Securities will not hesitate to take appropriate actions against anyone who engages in such</p> <p>misconducts which commensurate with the severity of the breach, including suspension/striking off a Registered Person from the Register and imposition of fines.</p> <p><strong><span style="text-decoration: underline;">BACKGROUND</span></strong></p> <p>(1) The breaches by WWH were in relation to his manipulative trading activities in the securities of the Relevant Counters through the accounts of 4 clients (Clients) (all of which were either directly or indirectly related to each other/with the Relevant Counters) on several trading days over a period time (the Relevant Period) which involved/had the following characteristics (Manipulative Trading Activities):-</p> <ul style="list-style-type: lower-alpha;"> <li>for ASDION, undertook increasing bid trades (IB Trades) which drove up/maintained the share price of ASDION and marking the close activity;</li> <li>for 5 of the Relevant Counters (i.e. NEXGRAM, IRETEX, NEXGRAM-WA, NEXGRAM-WC and MQTECH), undertook frequent alternating of the buying and selling of the shares during the Relevant Period at or at about the same prices with no economic sense (Churning activities) as these trades had resulted in losses except for NEXGRAM during the Relevant Period. These false trading activities had given rise to a surge and increase in the trading volume and generated artificial trading activities that misled the market into believing that there were activities in the 5 Relevant Counters, not knowing that these trading activities were by a single DR, i.e. WWH who had dominated the trading in the market for the Clients;</li> <li>for IRETEX, undertook IB Trades that drove up/maintained the share price of IRETEX; and</li> <li>for MQTECH, undertook Churning activities that also involved numerous instances of on-market cross trading among the Clients with the entry of their corresponding opposing buy and sell orders in close proximity of time at the same or about the same price which gave rise to the matching of these opposing trades within a short span of time during certain trading intervals.</li> </ul> <p>These Manipulative Trading Activities had given rise to the creation of a false/misleading appearance of active trading and/or in respect of the market for and/or the price of the securities of the Relevant Counters (False/Misleading Appearance of Securities).</p> <p>(2) Despite the red flags of irregular trading in the shares of the Relevant Counters, including, amongst others:-</p> <ul style="list-style-type: lower-alpha;"> <li>the commonality of the Clients&rsquo; accounts with the same contact person/same address and that one of the Clients was related to the issuers;</li> <li>the repeated buying activities in the Clients&rsquo; accounts at higher prices for new purchase positions and on the same day, the selling activities were carried out in the same/another Clients&rsquo; accounts at prices lower than the day&rsquo;s buying activities; and</li> <li>the Clients&rsquo; extensive and repeated buying and selling at/at about the same price or selling at lower price that displayed no economic sense,</li> </ul> <p>WWH had failed to be alerted and raised his suspicion of the questionable trades and engaged in/continued to facilitate the Clients&rsquo; Manipulative Trading Activities including the Churning activities which were carried out over a period of time. In this regard, WWH had failed to make proper assessment of the Clients&rsquo; trading instructions/activities and acted as a mere order taker which was not an acceptable conduct of a responsible Registered Person (RP).</p> <p>(3) As a RP in carrying out his dealing activities, WWH must at all times:-</p> <ul style="list-style-type: lower-alpha;"> <li>observe professional conduct, standards of integrity and fair dealing including exercise due care and diligence in the execution of trades including making a proper assessment of the clients' orders received/executed and their impact;</li> <li>carry out his duties efficiently and in a manner which contributes to the maintenance of a fair and orderly market; and</li> <li>avoid or refrain from engaging in acts or practices which might lead to a false/misleading appearance of active trading in, the market for or price of these securities.</li> </ul> <div> <p align="center"><strong>ADDENDUM</strong></p> <p>Rules 3.14(d), (e) &amp; (g) and 5.01(b) of the Rules of Bursa Malaysia Securities and paragraph 1.1(1)(h) of Directives No. 5-001 of the POs&rsquo; Directives (which came into effect on 2 May 2013) state, amongst others, that a Registered Person must:-</p> <ul> <li>observe professional conduct, standards of integrity and fair dealing, exercise proper skill, care and diligence and carry out the Registered Person&rsquo;s duties in a manner that contributes to the maintenance of an orderly and fair stock market;</li> <li>in the conduct of the PO&rsquo;s business, not through any act or omission, do anything which may result in or has the effect of the market not being orderly and fair; and&nbsp;</li> <li>not engage in any act or practice that might lead to a false or misleading appearance of active trading in any securities on the stock market of the Exchange or a false or misleading appearance with respect to the market for, or the price of, any such securities, or directly or indirectly be tantamount to stock market manipulation.</li> </ul> </div> tag:www.bursamalaysia.com,2005:MediaRelease/5261 2017-08-21T14:02:33+08:00 2017-08-21T14:05:42+08:00 CLOSURE OF BURSA MALAYSIA IN CONJUNCTION WITH NATIONAL DAY AND HARI RAYA AIDILADHA <p>In conjunction with the National Day and Hari Raya Aidiladha celebrations, Bursa Malaysia Berhad and its subsidiaries will be closed on the following dates:</p> <ul> <li>Thursday, 31<sup>st</sup> August 2017</li> <li>Friday, 1<sup>st</sup> September 2017</li> </ul> Bursa Malaysia and its subsidiaries will resume operations on Monday, 4<sup>th</sup> September 2017.