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Government department buy 62c....KUALA LUMPUR (July 10): The Human Resource Development Fund (HRDF) is grappling with the challenges of its investments in Widad Group Bhd (KL:WIDAD), whose share price had tanked from 62 sen to six sen.
The HRDF initially acquired Widad shares under a put and call option arrangement (PCOA) on Oct 15, 2020, when the entry price was 62 sen per share, according to the briefing notes on the findings by the National Audit Department on Tuesday...
Is it related to insider's trading? I'm not so familiar with those gov agency's investment strategies, how come they're involved with those investment which full of uncertainty but not invest into something more secure like gov bonds...