Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Just my wild guess. Bursa received EY SIR, need time to validate and close Serba shop first. I believe it is very good report since Boss top up shares.
The announcement today made by bursa says serbadk din extent the period for the submission of audit report. Means serbadk din not submit their report. Fishy
Look at the timing, Boss sold the WA on 18th, 20th and little bit on 21st. Then only received the SIR report on 21st. Immediately top up shares on 22nd. It is like preparing to sailang the shares on Friday before weekend and then Monday LU scenario. Too bad this plan discontinued unexpectedly in the afternoon. Just my wild guess.
That's why I said, someone sold warrants before, and coincidentally bought mother shares a day after their INED received the update. This might deemed as insider trading which is illegal, doesn't matter the report is good or bad.
the progress is update as of 30 sep, and coincidentally someone also acquire 5m shares that day, and 2.5m shares the next trading day. 21oct was the date INED receive the update, but someone started sold his warrants days before this date, and acquire mother shares on 22 oct. Sound fishy? Could it be the reason why bursa suspend the trading ? As bursa want be fair to all investors.
tony.
i think those previous trading is hard to determine.
but your "coincidentally buy 1m share on 22/10" is definite ~~
i guess suspend is not due to this. to invest the fraud is of SC job, not bursa. bursa acts according to Listing Requirements.
Indeed, i still feel it's fishy. And SC already raided serba HQ months ago, and they remained quiet til now. Also, if a board of directors have intention to trade, he need to give notice to bursa if not mistaken.
