07-09-2018, 09:36 AM
(07-09-2018, 08:29 AM)vbReader Wrote: The holding company which holds 74.29%(349,578,726 shares) of the listed entity, just transferred 175m shares to Citibank nominees account and 50m to BNP nominees account.
Can anyone share what are the possible reasons for such a move?
https://links.sgx.com/FileOpen/_Form%203...eID=524375
Most likely is because of financing , they have to pledge the shares to the banks. Hope I got it right

“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.