I am not sure whether you are asking a rhetorical question here and I don't have subscription to couriermail so i have not read the explanation given by VGI.
However, I would suspect that they did it so that they can sell CTD shares through that company in order to give the market a mistaken impression that the MD is dumping shares. I think they were hoping this would create a snowball effect sending CTD shares into a free fall.
Ann: Managing Director's shareholding resolved, page-10
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Last
$12.98 |
Change
-0.050(0.38%) |
Mkt cap ! $1.899B | |||
| Open | High | Low | Value | Volume |
| $12.97 | $13.05 | $12.79 | $8.927M | 688.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3292 | $12.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 1702 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CTD (ASX) Chart |