Tag: BURSA MALAYSIA
Yu Syndicate’s Family Ties Unravel in RM 239.5 Million YNH Property & Rapid Synergy...
YNH Property Berhad and Rapid Synergy Berhad face a bombshell RM 239.5 million joint venture scandal, with hidden transactions and potential conflicts of interest involving close family members of the Yu Syndicate.
Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised sustainability platform
Bursa Malaysia Bhd, UMW Corp Sdn Bhd, and Malayan Banking Bhd (Maybank) have agreed to work together. Under a memorandum of understanding to develop...
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
KUALA LUMPUR: Following the Ministry of International Trade and Industry's (Miti) approval of Tesla's application to import battery electric vehicles (BEVs) into Malaysia. The...
YNH Property BHD Minority Shareholders Defrauded
YNH Property Bhd minority shareholders face deceit as controlling shareholders execute fraudulent transactions with the YU Syndicate. Unravel the complex web of related-party dealings and their impact on shareholders' value.
Bursa Malaysia announces 21 additions to F4GBM index constituents
KUALA LUMPUR: The FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index now has 98 constituents overall. After 21 fresh...
Asia stocks edge up despite global growth worries.
Hong Kong and China stocks helped up Asian shares despite mounting concerns about an impending economic slowdown and the speed at which the Federal...
KLCI falls as investors take profit, ringgit at 4.4760
On Friday, the Ringgit increased its advances and reached a three-month high. At 5 pm, the local currency was trading at 4.4760, up 0.43%...
Boustead Plantations expects continued volatility in palm oil prices
KUALA LUMPUR: Boustead Plantations Bhd stated that due to high stock levels in Malaysia and Indonesia, palm oil prices are projected to be highly...
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028
KUALA LUMPUR: Bursa Malaysia finished higher on Wednesday in the absence of market-moving factors. While the ringgit weakened to a 24-year low against the...
Insider Trading Charges against KNM CEO Lee Swee Eng tied to prior reprimands and...
Court documents reveal that KNM Group CEO Lee Swee Eng has been charged with insider trading, avoiding a RM 3.67 million loss by selling shares with insider knowledge. This follows prior reprimands and fines for eight KNM board members, including Lee. Shareholders may be entitled to damages.
Southeast Asian Financial Crimes: From Corporate Fraud to Pyramid Schemes
Southeast Asia faces numerous financial crimes, from corporate fraud to pyramid schemes. Notable cases include KNM Group's listing requirements breach, Sunshine Empire's Ponzi scheme in Singapore, and Emgoldex's pyramiding scam in the Philippines. These frauds highlight the need for stronger regulations and investor vigilance.
Lee Swee Eng: KNM Group CEO Found Guilty of Violating Bankruptcy Law in Indonesia
KNM Group's Director and CEO Lee Swee Eng, along with Director Chew Fook Sin, were found guilty by the Indonesian Supreme Court of harming creditors by illegally transferring assets from a bankrupt company. This ruling raises questions about asset recovery, impact on creditors, and lack of disclosure to KNM shareholders. Court documents and decisions are available at the end of the story.