One thing I've learnt about the Chinese when doing business, nothing is ever done on a whim.
Every decision is calculated.
If Charles has decided to transfer his shares into a direct holding, he has done so for a specific reason, and obviously one that is more important than spreading his holding around to minimise tax.
One more thing. That shareholder (let's call him Batman) who I reported was a little firey at the AGM, asked all the board members whether any of them had been in discussions about a takeover. All of them said no, but one of them was reluctant to answer straight away and when he did, would not look the shareholder in the eye.
Gottafewquestions...
VMT Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
