Teo Teng Beng was convicted of trying to inflate the company’s share price to meet SGX’s minimum trading price rule, which was removed in 2020. SINGAPORE: The former managing director of Raffles United Holdings was fined S$430,000 on Tuesday (Apr 14) for manipulating the market to inflate the company’s share price. Teo Teng Beng, also known as Gilbert Teo, was convicted of all three charges against him under the Securities and Futures Act (SFA) on Feb 10 after he claimed trial. The 79-year-old,