Mr. Xie Haiyu was the gentlemen that recently sold out his over 600m shares at HK21cps (approx 9% of SOI). He’s is a former chairman of the company, was with the company since 2011, his daughter currently sits on the board of directors. The fact he has sold out at a premium should tell you something.
The other major shareholder (25% holding) is a company called Cybernaut who had loaned the company some debt (HK$176m in convertible bonds) which they then converted to equity at HK8cps in March 2017. They are not in the tin or mining business and given their cost base I don’t see any reason they would not sell at a price similar to what Mr. Xie Haiyu did (good return for them). http://api.aconnect.com.hk/Attachment/41766
Mr Yuen Kim Koo is the remaining sub holder with 12.5%, he bought this stock in 2017 around HK9cps I believe and was made a NED in March 2018.
So someone could pick up substantial holdings from these three parties and just grab a few more shares on market to gain control. 13% has been churned in last 6 trading days. Surely we aren’t far away from seeing a sub holder notice for Greentech - I don’t know how their system works but surely whoever bought Mr. Xie’s 600m shares @ 21cps has to disclose?
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