RHB Investment Bank publicly reprimanded, fined for breaching listing rules

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Bursa Securities said RHB IB failed in the discharge of its duties as sponsor and principal adviser to an applicant seeking a listing on the ACE Market.

Bursa Malaysia Securities said that RHB Investment Bank had previously committed breaches of the listing requirements.

The exchange regulator said the imposition of the public reprimand and fine on RHB IB were made upon completion of due process after taking into consideration all facts and circumstances of the matter. The first breach occurred when RHB IB failed to conduct proper due diligence and make all reasonable due diligence enquiries as well as consider all relevant matters to ensure there was no misstatement or material omission.

The second breach happened when RHB IB failed to immediately notify Bursa Securities of the material developments concerning the applicant’s business, operations, future plans and prospects after the initial submission.It was only upon receipt of the regulator’s queries that RHB IB notified Bursa Securities of these material agreements and developments, it said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 5. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tuition teacher in Ipoh loses over RM200,000 to investment scamBATU PAHAT: A tuition teacher who wanted to buy second-hand books online lost more than RM200,000 in a fake investment scheme.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »

Pensioner loses over RM4.4m to cryptocurrency investment scamKUALA LUMPUR: A government pensioner has parted ways with RM4,417,092 after being duped in a non-existent cryptocurrency investment. Brickfields Distr...
Fonte: theSundaily - 🏆 25. / 51 Consulte Mais informação »