OTHERS General Announcement By Three-A Resources Berhad ("the Company" or "3A")

Date Announced : 26 Oct 2016
Type : Announcement
Subject : OTHERS
Description : General Announcement By Three-A Resources Berhad ("the Company" or "3A")
The Company wishes to inform that the Securities Commission (“SC”) had on 25 October 2016 filed charges against Fang Chew Ham, Deputy Executive Chairman and Managing Director of the Company, and five other individuals for insider trading under the Capital Markets and Services Act, 2007 (“CMSA”), as follows:-
  • Fang Chew Ham, Deputy Executive Chairman and Managing Director of the Company (“Fang CH”) and Fang Siew Yee, Executive Director of the Company (“Fang SY”), being charged by the SC under Section 188(3)(a) of the Capital Markets and Services Act, 2007 (“CMSA”) for communicating material non-public information involving Three-A Resources Berhad (“the Company” or “3A”) shares to his brother and Fong Chiew Hean (“Fong”), Non-Executive Director in 2009. Fong was also charged for nine counts of insider trading for acquiring 891,000 units of 3A shares between 7 September and 5 October 2009 while in possession of the material non-public information.
  • Fang SY, being charged by SC under Section 188(2)(a) of CMSA involving 3A shares in 2009 while she was in possession of material non-public information; and
  • Fang CH together with Tan Bee Geok (“Tan BG”) and two OSK Investment Bank Bhd dealers i.e. Chew Lian Foon (“Chew LF”) and Ong Kok Aun (“Ong KA”), being charged by the SC for abetting Fang SY in the commission of the offences under Section 370(c) of CMSA.
The above-mentioned charges are related to transactions in 3A shares which allegedly occurred in 2009.

All the above six individuals had claimed trails and were granted bails by the Kuala Lumpur Session Court.

This announcement is dated 26 October 2016.

 

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