SINGAPORE - The Monetary Authority of Singapore has imposed a civil penalty of $200,000 on Mr Lim Soon Fang for not disclosing changes in, and providing false information regarding his shareholding in Catalist-listed Asia-Pacific Strategic Investments Limited .
Mr Lim became a substantial shareholder of the ASIL in October 2013 and traded actively in its shares between October 2013 and October 2014, resulting in changes in his interests in the company that were required to be disclosed under the Securities and Futures Act. Mr Lim also provided false information to the company regarding his transaction volume in ASIL shares and his shareholding in the company on three occasions.
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