Services, manufacturing contribute bulk of RM160bil investments in first half of 2024 - Tengku Zafrul
The SC stated that under the Capital Markets and Services Act 2007 , unlisted public companies issuing IMs to raise funds are required to lodge them with the commission within seven days of issuance to potential investors."In this case, the SC found that the company represented to investors that it had issued an IM purportedly lodged with the SC, thus misleading investors and lending credibility to its investment scheme.
The SC reported that immediate action has been taken, including filing a police report and adding the company to its Investor Alert List at https://www.sc.com.my/investor-alert-list .
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