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Bala is a senior director of a listed company in Singapore. Two months ago, he received price-sensitive information relating to the higher net profit and

Bala is a senior director of a listed company in Singapore. Two months ago, he received price-sensitive information relating to the higher net profit and dividend rates of the company. Before this information was made public, Bala bought more of the companys shares. When the information was made public, the share price of the company went up and Bala made a handsome profit from the shares.

Discuss if Bala had committed any offence.

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