<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 18): The sentencing of former executive chairman of Sabah-based Repco Holdings Bhd, Low Thiam Hock, better known as Repco Low in the stock market circle, who was on Jan 11 found guilty of market manipulation involving the shares of Repco 19 years ago, has been postponed to Friday, according to the Securities Commission Malaysia (SC).</p></div>

<div class=newsTextDataWrapInner><p>Low, 53, was scheduled to be sentenced tomorrow. Under Section 91 of the Securities Industry Act 1983 (SIA), Low is liable to a minimum fine of RM1 million and up to 10 years' jail.</p></div>

<div class=newsTextDataWrapInner><p>A SC spokesperson told theedgemarkets.com today that Low's defence team had requested a postponement in the sentencing of Low. The regulator has sent a notice today to inform on the deferment to Friday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Low was convicted for acts calculated to create a misleading appearance with respect to the price of Repco shares on the then Kuala Lumpur Stock Exchange (KLSE) on Dec 3, 1997, an offence under Section 84(1) of the SIA. The purchases of Repco shares on the said day caused Repco's share price to rise from RM103 to finally close at RM113.</p></div>

<div class=newsTextDataWrapInner><p>The trial that began on Oct 30, 2000 saw the prosecution call 25 witnesses, while the defence called eight witnesses.</p></div>

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KUALA LUMPUR (Jan 18): The sentencing of former executive chairman of Sabah-based Repco Holdings Bhd, Low Thiam Hock, better known as Repco Low in the stock market circle, who was on Jan 11 found guilty of market manipulation involving the shares of Repco 19 years ago, has been postponed to Frida...

Repco Low's sentencing postponed to Friday

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