Share
638 Posts.
lightbulb Created with Sketch. 20
clock Created with Sketch. 20/08/18
16:01
Share
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.
Expand
If the shares goes from Mr Xu to Mr Chandrasekaran, then it is expected that Mr Chandrasekaran has to lodge "Change in substantial holding"
