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​Malaysian securities regulator charges Melewar Industrial's ex-CEO with insider trading

( November 25, 2015, 03:07 GMT | Official Statement) -- MLex Summary: A former chief executive of Melewar Industrial Group, Lim Kim Chuan, is facing a total of 11 charges of insider trading for acquiring 398,000 M3nergy Berhad shares in 2008 while in possession of material non-public information relating to a conditional voluntary takeover offer by Melewar Equities (BVI) to acquire M3nergy shares. Melewar Equities (BVI) is a substantial shareholder of Melewar Industrial Group. The two individuals who owned the accounts through which the shares were acquired were also charged with abetting Lim's actions.  The regulator's full statement follows:...

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