INGAPORE, April 28 (Bernama) -- The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against an employee of legal firm Shook Lin & Bok LLP for contravening the insider trading provision under Section 218(2)(a) of the Securities and Futures Act (SFA).
In a statement Thursday, MAS said the employee, Song Qing, had on June 26 and July 8, 2008, purchased 40,000 Bright World Precision Machinery Ltd shares when he was in possession of non-public price sensitive information concerning China Holdings Acquisition Corp's voluntary conditional offer. Full story
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