Strong volume today. Combined shares of CEO, Sam Goi and two other shareholders are about 80%, leaving only 100m shares for the market to trade. Based on the total volume traded for last 4 weeks, I believe most of the shares are probably in the hand of the big boys. It looks like price should continue to trend up if this is so. Good luck!
Gangho - Ya, there is not much free float, which is one reason why I have been watching with interest. I may join you when the party starts ? Anyway, good luck.
relaxing wrote: Gangho - Ya, there is not much free float, which is one reason why I have been watching with interest. I may join you when the party starts ? Anyway, good luck.
Besides the small share float, I believe its processed foods biz may be taking off. Let's see if price can dip further for collection..
Mr Mah Bow Tan, Non-Executive Chairman and Independent Director of GYP, said, “GYP has been actively looking for new business opportunities to expand our operating base
and enhance shareholders’ value. We are excited to be making our first diversification move with a strategic investment in Yamada, which is a major grower and supplier of specialist food products, including edible fungi. ”
“We believe this strategic investment in a fast- growing player in the food business will bring substantial benefits to the Group in terms of growing shareholders’ value, as Yamada is highly diversified by sector and geography. We look forward to working closely with Yamada and Mr Sam Goi to tap the growing food sector in the PRC and beyond.” added Mr Mah.
