Latest Newsletter: MSWG Monthly Newsletter 03 December 2017 (English)
MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS
SUPERMAX CORPORATION BERHAD (“SUPERMAX”)
According to the announcement released by Supermax, Dato’ Seri Stanley Thai who is the Executive Director and Group Managing Director of the company has been convicted by the Securities Commission for insider trading offences under Section 188 of the Capital Markets and Services Act 2007. The Court has granted a stay of execution and an appeal has been filed against the conviction and sentence.
The company informed members of the public that it is business as usual in Supermax and that its Management team is committed to delivering good business performance and profitability in the interest of the company and its shareholders.
The position of the business remains intact and the Management stands strong in growing the business forward.
[Source: Supermax’s announcement on Bursa Malaysia’s website on 24 November 2017]