TeckWah

[mosi]

I don't know what Baker & McKenzie is smoking. But I have never heard of a 1% discrete step for disclousure. But it could be just me.

In the MAS FAQ revised 23 Nov 2012, it states that:

Reporting Person:
Substantial shareholder/ unitholder of listed issuer

Types of interests to be disclosed:
Changes in percentage level of interests in voting shares/units of listed issuer

Time period for disclosure to be made:
Within two business days of him becoming aware: (a) that he is a substantial shareholder/unitholder; (b) of a change in percentage level of his interest in the listed issuer (while still remaining as a substantial shareholder/unitholder); or © that he has ceased to be a substantial shareholder/unitholder.

So according to MAS disclosure regime, a SSH can possibly squeeze in his/her purchases in 3 days and make the disclosure at the end of day 3.

In this case:
28 May: 313,000 shares
29 May: 250,000 shares
30 May: 326,000 shares
Not quite possible to buy 2.4mil within that time period.