Kenmark: SC Gets Injunction Against Ishak

16 June 2010 | Kuala Lumpur

Securities Commission Malaysia (SC) today obtained an ex-parte injunction to refrain Dato’ Ishak Ismail from dealing with RM10.2 million, being proceeds from his disposal of about 58.7 million shares of Kenmark Industrial Co. (M) Berhad.

The Kuala Lumpur High Court also ordered Dato’ Ishak to furnish full and complete details of his assets, whether in Malaysia or elsewhere, within 4 days.

The SC sought the injunction following its investigations into suspected breaches of securities laws by Dato’ Ishak.

Investigations in the meantime are actively being pursued on possible breaches of securities laws within Kenmark, especially with respect to its previous board, management and key shareholders.

SECURITIES COMMISSION MALAYSIA

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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.

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