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I got a theory, they maybe suppressed the price due to ongoing talk with reputable O&G company in which attracted to be substantial shareholder back when hibi was at 1.3-1.5... Cause they maybe saw that hibi was kinda undervalued but if it is further rise beyond recent high, it might affect the talks, i got read they will issue a few shares for them in return of injecting asset to hibi...
The news regarding potential injection of producing well from new potential substantial shareholder driving up the price? Or the dividen or else share buy back already take place after latest agm?