The JSE has fined Tony Wang, Mustek`s technology and international operations director, R30 000.
The JSE issued a notice after the close of trade on Friday, saying it had found Wang guilty of contravening the JSE listing requirements by trading during a closed period.
Directors of listed companies may not trade in their company`s shares between the end of a trading period and the publication of the financial results relating to that trading period.
"Mr T Wang failed to obtain clearance for these transactions, or make timeous disclosure thereof, as stipulated in the listings requirements," the JSE says in its notice.
"The JSE has imposed a penalty consisting of a fine of R30 000 as well as a censure on Mr T Wang as a result of these contraventions," it adds.
Wang sold 141 718 Mustek shares in four deals on Wednesday 4 January and Thursday 5 January, with the trades being disclosed on Monday 9 January.
The shares were sold at prices between 971c and 975c, with the total value of the shares sold amounting to about R1.38 million.
Wang could not be reached for comment this morning.
The Mustek share was trading at 1 050c this morning, down 3c or 0.28% from Friday`s close. The share lost 17c or 1.6% on Friday.
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