• Tan Swee Hock (Tan
  SH)
• Chan Sze Yeng (Chan
  SY)
• Cheng Seng Chow
  (Cheng SC)

On 22 July 2021, the SC filed a civil suit against the defendants.

The SC sought, among others:

• The defendants pay to the SC, the disgorged profit amounting to RM755,718;

• Tan SH pays to the SC, a civil penalty of RM200,000;

• Chan SY and Cheng SC pay to the SC, a civil penalty of RM100,000 respectively;

• The defendants are barred from holding a directorship or being involved in the management of any PLC and/or its subsidiary for 5 years from the date of judgment; and

• The defendants or their agents are restrained from trading on the stock exchange for 5 years from the date of judgment.

Insider trading in the
shares of HPI Resources
Bhd

Toh Kai Fatt (Toh KF)

On 13 September 2021, the SC filed a civil suit against Toh KF.

The SC sought, among others:

• Toh KF pays to the SC, the disgorged profit amounting to RM2,363,122.50;

• Toh KF pays to the SC, a civil penalty of RM1,000,000;

• Toh KF to be removed from holding a directorship and/or being involved in the management of any PLC in Malaysia;

• Toh KF is barred from holding a directorship or being involved in the management of any PLC and/or its subsidiary for 5 years from the date of judgment; and

• Toh KF or his agents is restrained from trading on the stock exchange for 5 years from the date of judgment.