3 family members charged with insider trading offences over acquisition of Dulux by Nippon Paint

📆 19-01-23 10:53:00
📰 ChannelNewsAsia

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One of the accused, Shae Toh Hock, was senior vice president of corporate planning and development at a Nippon Paint subsidiary in Singapore.

SINGAPORE: Three family members were charged on Thursday with insider trading offences over the acquisition of DuluxGroup by Nippon Paint Holdings in 2019.

Shae Hung Yee, 59, allegedly conspired with her husband, Siew Boon Liong, 62, to buy shares of DuluxGroup on the overseas bourse between Apr 7, 2019, and Apr 12, 2019, after the insider information was given to them. All three people were charged after a joint investigation by the Commercial Affairs Department and the Monetary Authority of Singapore.

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