KUALA LUMPUR (Oct 26): Three A Resources Bhd (3A) saw its shares plunge as much as 10 sen or 7.68% this morning, after its founder and managing director Fang Chew Ham and five others were charged by the Securities Commission Malaysia (SC) for insider trading. The counter fell to RM1.22, its lowest level since June, at the noon break, making it among the top losers. The SC yesterday said 69 year-old Chew Ham and his daughter and 3A executive director Fang Siew Yee, 36, were charged for communicating material non-public information to Chew Ham’s brother and non-executive director Fong Chiew Hean on Sept 5, 2009. Fong was also charged with nine counts of insider trading for allegedly acquiring 891,000 units of the company’s shares through two accounts, while in possession of the non-public information. Meanwhile, Siew Yee faces eight charges for allegedly acquiring 2.72 million units of 3A shares in possession of the information.

Source: The Edge Markets October 26, 2016 07:41 UTC