Spritzer Berhad has issued a statement claiming the online news article referring its Managing Director Datuk Lim Kok Boon being accused of insider trading and ordered to pay fine is not the same person.
A news report circulating among the investment community headlines that Datuk Lim Kok Boon & Cheah Mean Har have been ordered to pay penalty of RM2.015 million to the Securities Commission over an ‘Insider Trading’” case.
Spritzer said the news article is inaccurate and said that the content that states Datuk Lim Kok Boon who is also the Managing Director of Spritzer a board director has 7 percent shareholding in the company could see his position impacted due to the SC ruling.
It said the news appears to be a mistaken identity with both having the same name but they are two different persons.
The company said the Managing Director of Spritzer Bhd, Dato’ Lim Kok Boon has been wrongly implicated in the said news article and that its Managing Director has not committed any “Insider Trading” offence and neither has he been ordered to pay any civil penalty for an insider trading breach by any party.
