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In application for listing in the main market of Bursa Malaysia, a company prepared a prospectus which was considered for registration with the Securities

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In application for listing in the main market of Bursa Malaysia, a company prepared a prospectus which was considered for registration with the Securities Commission Malaysia. The prospectus was found to contain erroneous information rendered it to be misleading due to a material omission of information after it was registered. Discuss the right to recover for loss or damage resulting from false or misleading statement in the disclosure document or prospectus. (40 marks)

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