KUALA LUMPUR (Aug 8): Cape EMS Bhd (KL:CEB) managing director and chief executive officer Christina Tee Kim Chin trimmed her stake in the company by another 11.6% after selling 115.25 million shares worth RM44.86 million on Wednesday.
The transaction translates to an average price of 38.92 sen per share, which is 6.2% lower than the stock’s volume weighted average price (VWAP) of 41.5 sen on Wednesday.
On Wednesday, Cape EMS was the top active stock on Bursa Malaysia, with a trading volume of 736 million shares, translating to a turnover ratio of 74% of its total issued share capital of 992 million.
Following the latest share sale, Tee's shareholding in the company shrank to 13.98% from 38.05% on July 29, down by 24.06%.
At noon break on Thursday, the stock staged a strong rebound to settle at 49 sen - up 5.5 sen or 12.64%. It is the second-most traded counter on the bourse with some 231.43 million shares changing hands, equivalent to a 23.3% stock turnover ratio.
According to a bourse filing, Cape EMS’ net tangible asset per share is 47 sen apiece. Its market capitalisation stands at RM486.08 million.
https://www.theedgemarkets.com/node/722112
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nowadays very easy to setup and list a company.
- setup a new company with some small capital
- make the accounts look like for few years
- IPO
- during listing, you can be allotted more shares
- sell the shares and become instant multi-miliionaire.
1 month ago
probably CEO know company doing some hanky panky.
remember Karim from Serba? he started selling way before others sell
1 month ago
speakup
CEO dump to retailers. soon CEO resign and retailers jadi CEO
1 month ago