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SEC contacts AEC for Win Mark info

The Securities and Exchange Commission (SEC) has submitted a written request to the Assets Examination Commission (AEC) for additional information on Win Mark Co Ltd's holding in Shin Corp Plc, to find out if the holding breached the securities law.

The SEC said in a statement issued Thursday that the request was today submitted to the AEC, following the information gathered by AEC that showed Win Mark held 55 million shares of Shin Corp since 1999 and bought more shares prior to Temasek Holdings' tender offer for Shin Corp's shares.

"(The transactions) could have concerned insider trading which is in violation of the Securities and Exchange Act BE2535," the securities watchdog said.

"Upon receiving the information from the AEC, the SEC will rush to investigate the issue," it said in the statement.

Latest information from UBS Singapore showed that Win Mark was linked to ousted prime minister Thaksin Shinawatra, despite his denial years ago.

- The Nation

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SEC contacts AEC for Win Mark info

The Securities and Exchange Commission (SEC) has submitted a written request to the Assets Examination Commission (AEC) for additional information on Win Mark Co Ltd's holding in Shin Corp Plc, to find out if the holding breached the securities law.

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