KUALA LUMPUR, Feb 17 — The High Court here today reduced the five-year prison sentence to one year against Repco Holdings Bhd’s former executive chairman Low Thiam Hock, who was found guilty of manipulating the company’s share price.
“I allow the application for stay of the sentence and maintain the conditions of the previous bail, which is RM1.3 million bail and the passport to be handed over to the court,” he said. However, the court granted Low a stay of execution pending an appeal at the High Court, and the bail was increased from RM300,000 to RM1.3 million.
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