This led to a spike in trading of GHL shares, with 915,600 GHL shares changing hands the next trading day, representing a 58% increase from the counter’s average daily traded volume one month prior.
Following a joint investigation by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD), MAS has imposed a civil penalty of $70,000 on Tay Joo Heng for insider trading in the shares of GS Holdings (SGX:43A
) Limited (GHL).
GHL announced, on Nov 19, 2019, that it had entered into a conditional sale and purchase agreement to sell its wholly owned subsidiary, GreatSolutions Pte Ltd (GreatSolutions), to GSG Capital Pte Ltd (GSG Capital) for a consideration of $2 million.
