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SC sues 7 individuals over APL Industries share price manipulation

Mimi Sabreena 8:54:00 PM Informasi

KUALA LUMPUR (Sept 27): Seven individuals are being sued by the Securities Commission Malaysia (SC) over manipulation of shares in APL Industries Bhd (APLI).

The SC claimed in its lawsuit that the defendants had actively transacted in large volumes of APLI shares between Nov 7 and 9, 2006, causing a surge in the volume and price of APLI.

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