Section 15 The sale and purchase transaction internally through the stock exchange, both textile mills and cotton mills, in the present case, the public limited companies were listed on the stock exchange under review, Cotton Mills The entire holding of its shares was sold under the revision of the Stock Exchange, stating that the insider had purchased shares of the money sold to textile mills through cotton mills and had acquired the Karachi Exchange Automated Trading System (KA) of the stock exchange. TS) also bought shares of textile mills. Both the chief executive officer of the textile mills and the director of the cotton mills were merged and said that as a result of the merger, the cotton mills had to be merged with the textile mills and the textile mills were left unaddressed. It was reported that the transaction in the textile mills' shares was an integrated and pre-arranged arrangement between Cotton Mills and his brother, who was the chief executive officer of Textile Mills and the director of Cotton Mills, said in the matter. I have private affairs. It was also acknowledged that the internal brother was running the Cotton Mills brokerage account, both brothers were insiders and through their dominance the textile mills had information about the financial performance of the mills and it was established that the textile mills. The trade in shares was substantially different from the trading history of the scraps under insider review. The insider was not an officer of the two mills nor was on the board of directors of the aforesaid companies. As a simple shareholder, it will get both directly
Related judgments — Securities and Exchange Commission of Pakistan, 2011
