My guess: MTR (CBEs largest SH) is selling to raise cash again - their last financial report indicated significant payments due on indebtedness later this month (Dec 22) and (at least at June 30) hardly any cash in bank. They sold down back September (Ann: Sep 30) to cover payments due on debts and they might be at it again. guess we'll find out soon
MTR HY Accounts below:
Balance Sheet shows they have to sell investments to raise cash to pay debts
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1 | 300000 | 0.052 |
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Price($) | Vol. | No. |
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