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Shui-Chiao Chang sold 65m shares to now own 35m shares without...

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HenryEmmett

322 Posts.

27/10/17

21:15

Post #: 28269954
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Originally posted by htran7528 ↑

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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Shui-Chiao Chang sold 65m shares to now own 35m shares without telling the market. How is that not a big deal?

XPD Price at posting: 3.3¢ Sentiment: Sell Disclosure: Not Held
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