Friday, June 18, 2010

Kenmark active, up after SC injunction vs Ishak

KUALA LUMPUR: Kenmark Industrial Co (M) Bhd shares were active on Thursday, June 17 after Securities Commission Malaysia (SC) obtained an ex-parte injunction to refrain Datuk Ishak Ismail from dealing with RM10.2 million, the proceeds from his disposal of about 58.7 million Kenmark shares.

At 9.20am, Kenmark added half a sen to 10.5 sen with 4.33 million shares traded.

In a statement Wednesday, the SC said the Kuala Lumpur High Court also ordered Ishak to furnish full and complete details of his assets, whether in Malaysia or elsewhere, within four days.

The SC said it sought the injunction following its investigations into suspected breaches of securities laws by Ishak.


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