MBL boss has announced to increase stake in FIHB and want to be substantial holder. Possible he will sell off some MBL to gain cash in order to buy more FIHB till 25% as stated.
strange timing indeed. while MBL boss own company shares being acquired by a recently emerged majority sharesholder. he want to increase stake at other company.
Probably the boss needs cash to acquire FIHB while doesn't want to lose his position in his own company. So left hand pass to right hand sold to someone else he probably knows.
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paperplane
21,644 posts
Posted by paperplane > 2020-07-09 19:07 | Report Abuse
Super undervalued loh