Regulatory Settlements in 2025

Regulatory Settlement with Dato’ Lua Choon Hann
On 27 January 2025, the SC entered into a regulatory settlement with Dato’ Lua Choon Hann (“Lua”) in the sum of RM6,986,473.77 when he agreed without admission or denial of liability, to settle a claim that the SC was proposing to institute against him for the manipulation of PRG Holdings Berhad (“PRG”) shares between 3 August 2015 and 17 June 2016, contrary to section 175 and/or 176 of the Capital Markets and Services Act 2007. 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 200(3) of the CMSA.

Regulatory Settlement with Dato’ Lua Choon Hann

On 27 January 2025, the SC entered into a regulatory settlement with Dato’ Lua Choon Hann (“Lua”) in the sum of RM6,986,473.77 when he agreed without admission or denial of liability, to settle a claim that the SC was proposing to institute against him for the manipulation of PRG Holdings Berhad (“PRG”) shares between 3 August 2015 and 17 June 2016, contrary to section 175 and/or 176 of the Capital Markets and Services Act 2007.

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 200(3) of the CMSA.

about the SC

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

General Line: +603-6204 8000
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