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Next week might be interesting, founder Ah Hock submitted the request to deal during CLOSED PERIOD (1 months before QR). Furthermore, its in the midst of major deal with IJM. He will Buy or Sell?
His holding will be reduced from 33% to 18% after IJM cash injection. In another word, he agreed to sell his 15% holding @ 0.155. By right, shouldn't trade during this period unless he is desperate or some unknown motive.
I knew is PP.... sry if I mislead, what mention above "in another word" ; can interpreted as "look from another perspective". Outstanding shares are enlarged, the focal point is he willing to let go his 15% ownership @ 0.155 from IJM a unit (IJM owned 44.83% afterward); and he attempt to trade 1m pre-QR (which he knew the result already) is very insensitive and draw more speculation.
Too bad, boss disposed 20mil shares on 1 Aug. More speculation ahead; Bad QR ahead with kitchen sink? Disagreement in IJM deal? More to go as he still hold 300mil?