Corporate digest

Genting Singapore

ITS former vice-president of finance Kunye Tagi has admitted to insider trading and paid the Monetary Authority of Singapore a civil penalty of S$50,000. Ms Tagi sold 175,000 Genting shares on April 14 and 24, 2015, while in possession of non-public information about the company's financial results.

On May 14, 2015, Genting announced losses for the quarter ended Mar 31, 2015. Genting shares closed 5.9 per cent lower at S$0.955 on the next trading day. The sale of the shares enabled Ms Tagi to avoid a loss of S$13,625.