Xing Hua hold only a 15% stake 11.5 mill shares the original intention of June 30th announcement was a 34% stake with 40 mill full shares plus another 20 mill options. Directors appear to hold relatively small amounts as per annual report largest 10 holders: Lewis Tay 3 mill Meng Xin Gao 2.5mill HSBC 2.5 mill Mian Wang 2.2 mill Zhifang Zhang 2.0mill Xiang Gao 1.9 mill JF Apex 1.8 mill Qinghua Zhang 1.7 mill Ting Lam 1.7 mill Mu Po Zhu 1.6mill
Surprise surprise in the top 20 holders Chinese looking names hold about 20 million shares and that is prior to XingHua taking a stake.
DMA Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
