Mega First reprimanded for breaching listing rules


KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Mega First Corp Bhd for breaching the listing requirements.

In a statement yesterday, Bursa Malaysia said Mega First had failed to make an immediate announcement when the company’s aggregated purchases of quoted secutities from April 13, 2009 to Dec 23, 2009 and aggregated sales of quoted securities from May 8, 2009 to Dec 23, 2009 was equal to or exceeded 5% of Mega First group’s net assets at any material time.

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