XPD 0.00% 1.3¢ xpd soccer gear group limited

ok, here is the situation. Father and son both own shares in a...

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  1. 2,938 Posts.
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    ok, here is the situation.

    Father and son both own shares in a company that own XPD shares.
    initially father hold 40%, son hold 60% of this company that hold XPD shares.
    father then transfer 20% to his son. After this father now hold 20%, son now hold 80% of company that own shares in XPD

    they didn't thought they need to declare anything. Since the holding they transfer is not directly XPD share, rather holding in a company that hold XPD share....
    They had only sold (transfer) 7.2 millions share at the start of the year, probably to a relative or mistress.. that is very minimal...nothing to be alarm here...

    as i say earlier, there is nothing here... storm in a tea cup.. just fix up the paperwork.
 
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