SFC Initiates Tribunal Proceedings Over Insider Dealing in Titan Shares
Posted: Mon Dec 05, 2016 11:20 am
The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against a former senior executive of Titan Petrochemicals Group affiliate Augustine Cheong Kai Tjieh and his mother, Gan Ser Soon, for alleged insider dealing in Titan shares which took place in 2012.
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The SFC has alleged that Cheong and Gan knew Titan’s financial position when they sold their Titan shares in January 2012, and in particular that Titan and its affiliates were likely to default on certain fixed rate senior notes, ... (read more)