NIC 2.19% 81.8¢ nickel industries limited

Ann: Change of Director's Interest Notice, page-15

  1. 836 Posts.
    lightbulb Created with Sketch. 43
    He's referring to Xu Yuanyuang's sale, at about 50% discount to the market, of a relatively small fraction of the NIC shares her company held.
    Here was my guess at the time:

    If the shares Shanghai Wanlu hold were gained when they invested $24million in NIC prior to the IPO, then the 97 million shares they still hold after this sale represent a handsome return on that initial investment.
    We don't know who purchased the shares in the recent sale, it may be a strategic move with allies. A Christmas deal for some or all of Shanghai Wanlu's 200 employees???

 
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