Businessman Tay Joo Heng fined $70,000 by MAS for insider trading of GS Holdings shares during GreatSolutions' acquisition.
Businessman Tay Joo Heng fined $70,000 by Monetary Authority of Singapore (MAS) for insider trading of GS Holdings shares. MAS and Commercial Affairs Department (CAD) investigated Tay, sole shareholder of GSG Capital, which bought GS Holdings' subsidiary GreatSolutions for $2m. Over 13 days, Tay purchased 515,000 shares while possessing non-public info about GreatSolutions' sale.
July 01, 2024
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