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SC reprimands Mulpha Board of Directors
PETALING JAYA: The Securities Commission (SC) has reprimanded Mulpha International Bhd's board of directors for failure to ensure that information in a 2010 prospectus was disclosed in “a full and true manner”.

This administrative action was taken on Jan 3 and the details posted on the SC website yesterday. The SC said this related to a breach of Paragraph 1.03 of the regulator's guidelines for abridged prospectuses.

The paragraph states: “Any of the persons set out in section 236 of the CMSA (Capital Markets and Services Act 2007), e.g. directors, promoters, and advisers have the primary obligation and liability for the contents of abridged prospectuses. They must ensure that all information necessary for assessing the securities offered by the abridged prospectus is disclosed in a full and true manner.
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SC Web Release
Mulpha disappointed with SC reprimand, seeking clarification
Source : The Star
Date of  Publication : Thursday, 05 January 2012
Original Title : SC reprimands Mulpha board of directors
The above/attached materials are sourced from the website of the official/original source. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, the MLTIC web portal and contents herein are subject to the Terms of Use.
 
 
 
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BOARD OF ADVISORS
Syed Naqiz Shahabuddin
Partner, Naqiz & Partners
Tan Hon Yik
Partner, Naqiz & Partners
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Partner, Naqiz & Partners
 
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