So 2 days after the biggest sales day of the year a related party buys 8.3% of the share capital of a company before the results of Singles Day is released to the market but will be known by the related party making the investment.
How is this not insider dealing?
This transaction should not have occurred until after the results of SD were released to the market. There is no immediate requirement for working capital they have according to the last quarterly report more than 9 months worth of cash available for 'working capital purposes'.
The fact that the placement was made at the market price either suggests they've made a steal on the placement (big increase in sales coming) which would be illegal or they are 'good samaritans' just helping lucky ABT shareholders raise funds before another dissapointing sales update.
