Hankore

A substantial shareholder Total Summit Tech sold down yesterday 7.2-7.8 cents. Today, probably didn't sell, so rebound in stock price to 8 cents?

Was it a sale? Announcement posted on SGX said it was an off-market married deal. Transaction $ : 0

It certainly was not a commercial sale by the substantial shareholder. Perhaps he gave the shares to mistress :woohoo:

Some interesting research to share:

Alan Wang, who owns Asdew Acquisitions, took up a placement of 293.6 m shares 13-Aug-2013. His purchase was at 5 cents.

It was not the first time he bought HanKore.

Filing at SGX website showed that prior to the placement, he owned 206.3 m shares = just below 5% stake.

Alan Wang is the No.2 shareholder with 10.37% of HanKore. The No.1 shareholder is the chairman, David Chen, who has 16.47%.

Market cap of HanKore is S$347 million now, so you can imagine how much of these individuals' net worth is tied up in the business.

It's back up to 7.3 cents, but not the 8-cent level it hit recently.

clap clap : HanKore has just announced a possible RTO with a big environ play in China. The vendor will end up owning more than 50% of HanKore after an injection of its assets into HanKore.

Stock will fly tomorrow =