"renowned Asian agribusiness investor"(lol) Ms Wing Nam Florence Fung has lost $2,345,ooo on DFM.
Fung was of course better known in real life for conducting unauthorised trades and forging clients’ signatures as a stockbroker.
Remember Tongan Chairman Hongwei Cai stated in December that "We are delighted to include these new investors as Dongfang shareholders, particularly given their international experience and knowledge of agribusiness industries. Indeed, they provide further strategic value to the company through their extensive local networks." blah blah blah.
Fung:
December - buys 39m shares @ $0.90
April sells 33.5m shares @ $0.83
33.5m shares x loss $0.07 = loss $2,345,000
She might get the dividend - if it gets paid.....
"renowned Asian agribusiness investor"(lol) Ms Wing Nam Florence...
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