Under subtitle: Lees ready to strike (Nick Lenaghan)
The wealthy Malasian Lee family is set to take control of struggling Perth residential developer Port Bouvard through a heavily diluteive equity raising.
Port Bouvard went into a trading halt yesterday and snnounced that a potential financial restructure was pending.
Documents obtained by the AFR reveal the residential developer plans to issue a $23.8 million equity raising, which is cub-underwritten by its major shareholder, locally listed developer FKP and Hong Kong based investor Sun Hung Kai Investing Services........
What a coinsidence! I exclude Mulpha for any SP movement, but it might be added over SGT in my suspecion for 'wash trading by HFT' for lowering SP. Or both at the same time. If we know real identy for lowed SP, it is very easy to take them to court.
Regards,
FKP Price at posting:
$1.08 Sentiment: LT Sell Disclosure: Held
