It has nothing to do with that, Dolby has always been a share holder and transfer / relinquishing shares to a fund that same family runs.
It's likely more correlated to speculation on why one would make such a decision. My guess is they have knowledge of an impending capital event - I assume others may also be speculating this same thing.
Price Rise, page-4
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Last
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $191.2M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.07 | $173.0K | 158.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99324 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 10976 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGS (ASX) Chart |