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Ann: Change of Director's Interest Notice - Jiayin Xu, page-7

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pinetree

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20/08/18

16:01

Post #: 35041631
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Originally posted by SirloinSteak ↑

Looks like the shares Mr Xu have sold off market may have been going to Mr Natarajan Chandrasekaran. This shareholder is also the chairman of a multibillion dollar Indian conglomerate (owns Tetleys Teas and various other companies) and was listed as a 2.5% shareholder from last year onwards. Xu and his associates still have a majority stake so the sale is likely to be strategic.
-If Xu plans to buyout minority shareholders (most likely) he is getting paid now then buying back these shares anyway with companys cash.
-Xu may be trying to create business ties with Mr Chandrasekaran and if Xu does buyback the company at least this holder will probably make a reasonable profit at these prices.

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If the shares goes from Mr Xu to Mr Chandrasekaran, then it is expected that Mr Chandrasekaran has to lodge "Change in substantial holding"

SBB Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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Ann: Change of Director's Interest Notice - Jiayin Xu, page-7

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