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Former CIMB banker admits to insider trading in two takeover stocks

Published Fri, May 26, 2017 · 09:50 PM

Singapore

ALAN Tay Yeow Kee, a former CIMB Group Holdings Bhd banker, has admitted to insider trading in two stocks before the companies received takeover offers.

Tay, 41, pleaded guilty to trading on price-sensitive information in a Singapore State Court on Friday and was fined S$180,000. He bought shares in Qualitas Medical Group Ltd and welding products supplier Leeden Ltd in 2011 before the information he had was publicly available. CIMB was the financial ad…

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Companies & Markets

Companies & Markets

Former CIMB banker admits to insider trading in two takeover stocks

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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