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Prohibited Transaction – No Change in Beneficial Owner (“NCBO”) Trades

Prohibited Transaction – No Change in Beneficial Owner (“NCBO”) Trades
 
A person or persons associated with each other who conducts NCBO trades (i.e. same person has an interest before and after the transaction), whether between accounts held within a stockbroking company or between accounts held in different stockbroking companies, commits an offence and shall be punished on conviction to imprisonment for a term not exceeding 10 years and to a fine not less than one million ringgit under the Capital Markets and Services Act 2007 (“CMSA 2007”). Examples of persons associated include spouse, any employee or partner of the person, a director or secretary of a body corporate etc. Should you have any queries, please contact your dealer’s representative. 
 
Yours sincerely,
 
CGS-CIMB Securities  Sdn. Bhd. 197901004504 (48703-W)
(A Participating Organisation of Bursa Malaysia Securities Berhad)

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