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Haplo

17,216 Posts.

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13/04/17

15:36

Post #: 24063021
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Originally posted by UY Scuti ↑

It looks like the recent sell down of one of AMAL's substantial shareholder - Harbour Asia Opportunity Asia Fund (from 5% to 3.5%, ~s$2.6M, 7/04/2017) was to free carry the 3.5%. Probably a Fund risk mitigation strategy (I think a lot of investors do this too on HC ).

The fund initial took their 5% position on 13/10/2016 at a cost of ~S$2.6M. Which looks like it was a married deal with AMAL's CEO, as on the same day he sold ~6.7% of his holdings.

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There was chatter ( on the SG Sharejunction site) at one point that Temasek was interested in taking a position in AMAL

Do you know who is in this Harbour Asia Opportunity Asia Fund ? Just wondering if this fund may be holding for them or not. Not unusual for these funds to switch their client holding around so it may have simply been moved to another sub fund instead of sold off completely .

Haplo

Last edited by Haplo: 13/04/17

TAW Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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AMAL announcements and articles, page-5

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