Regulatory Settlements in 2022

Regulatory Settlement with Loh Khee Feei & Quah Joo Leng
On 7 January 2022, Loh Khee Feei (“Dr Loh”) and Quah Joo Leng (“Janet Quah”) entered into a regulatory settlement with the SC in the sum of RM329,940.00 when both agreed without admission or denial of liability to settle a claim that the SC was proposing to institute against them for jointly and/or severally acquiring 130,000 Focal Aims Holdings Berhad (“FAHB”) shares on 12 September 2013 while in possession of inside information contrary to section 188(2)(a) of the Capital Market and Services Act 2007 (“CMSA”). The inside information was in relation to the proposed takeover of FAHB by Eco World Development Holdings Sdn Bhd, which was announced to Bursa Malaysia on 17 September 2013. The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws. The amount to be paid by Dr Loh and Janet Quah is equivalent to three times the difference between the price at which the shares were acquired and the price at which the shares would have been likely to have been acquired at the time of the acquisition, if the information had been generally available. The monies recovered will be applied in accordance with section 201(7) of the CMSA.

Regulatory Settlement with Loh Khee Feei & Quah Joo Leng

On 7 January 2022, Loh Khee Feei (“Dr Loh”) and Quah Joo Leng (“Janet Quah”) entered into a regulatory settlement with the SC in the sum of RM329,940.00 when both agreed without admission or denial of liability to settle a claim that the SC was proposing to institute against them for jointly and/or severally acquiring 130,000 Focal Aims Holdings Berhad (“FAHB”) shares on 12 September 2013 while in possession of inside information contrary to section 188(2)(a) of the Capital Market and Services Act 2007 (“CMSA”). The inside information was in relation to the proposed takeover of FAHB by Eco World Development Holdings Sdn Bhd, which was announced to Bursa Malaysia on 17 September 2013.

The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws. The amount to be paid by Dr Loh and Janet Quah is equivalent to three times the difference between the price at which the shares were acquired and the price at which the shares would have been likely to have been acquired at the time of the acquisition, if the information had been generally available. The monies recovered will be applied in accordance with section 201(7) of the CMSA.

Regulatory Settlement with Loh Chiek Feei
On 7 January 2022, Loh Chiek Feei (“Alison Loh”) entered into a regulatory settlement with the SC in the sum of RM827,093.56 when she agreed without admission or denial of liability to settle a civil claim that the SC was proposing to institute against her for: acquiring 406,000 Focal Aims Holdings Berhad (“FAHB”) shares between 11 and 12 September 2013 through the account of Shirley Kow Yuet Lan while in possession of inside information contrary to section 188(2)(a) of the Capital Market and Services Act 2007 (“CMSA”). The inside information was in relation to the proposed takeover of FAHB by Eco World Development Holdings Sdn Bhd, which was announced to Bursa Malaysia on 17 September 2013; and communicating the inside information to Loh Khee Fei (“Dr Loh”) on 11 and 12 September 2013 contrary to section 188(3)(a) CMSA. The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws. The monies recovered will be applied in accordance with section 201(7) of the CMSA.

Regulatory Settlement with Loh Chiek Feei

On 7 January 2022, Loh Chiek Feei (“Alison Loh”) entered into a regulatory settlement with the SC in the sum of RM827,093.56 when she agreed without admission or denial of liability to settle a civil claim that the SC was proposing to institute against her for:

acquiring 406,000 Focal Aims Holdings Berhad (“FAHB”) shares between 11 and 12 September 2013 through the account of Shirley Kow Yuet Lan while in possession of inside information contrary to section 188(2)(a) of the Capital Market and Services Act 2007 (“CMSA”). The inside information was in relation to the proposed takeover of FAHB by Eco World Development Holdings Sdn Bhd, which was announced to Bursa Malaysia on 17 September 2013; and
communicating the inside information to Loh Khee Fei (“Dr Loh”) on 11 and 12 September 2013 contrary to section 188(3)(a) CMSA.

The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws. The monies recovered will be applied in accordance with section 201(7) of the CMSA.