Administrative Actions in 2005


Nature of Offence


Facts of Case




Submission of a statement to the SC containing a material omission

W Ismail W Nik

W Ismail, a former director of Baswell Resources Bhd, was issued a warning for submitting a statutory declaration in respect of the listing of Baswell Resources Bhd (Baswell) on the Second Board of the Kuala Lumpur Stock Exchange in 2002 from which there was a material omission, i.e. omitted to state the Baswell shares held by him through Baswood Industries Sdn Bhd was in fact for Lim.

Lim, a person who played an active role in the advising the listing of Baswell, was also warned for causing the submission of the statutory declaration.

Warning letters were issued on 18 July 2005.

Lim Poh Teot


Dealing in securities and without a licence

(Alex) Chua Wei Cheing

Uwe Poenisch

(German National)

(Grace) Lee Yeat Kang

(Esther) Ting Thien Ngiik

Kwah Shu Leim

Weldrick Consulting Services Sdn Bhd, now defunct, was found to have dealt in securities without a licence.

All five persons were issued warning letters for aiding and abetting activities carried out by Weldrick.

Warning letters were issued on 21 June 2005.