Securemetric recorded over 250mil shares traded on 7 July 2020. This represents circa. 44% of total outstanding shares in the company.
We believe there could be a potential change in shareholders as shareholding records show Feitian Technologies owning 8% of Securemetric.
Note that Securemetric recently raise RM5mil from its private placement round to further invest in Indonesia's 1st non-commercial e-KYC company PrivyID. Further, an MOU has recently been entered with Innov8tif to further enhance its e-KYC capabilities. We believe the private placement funding round was taken up by Feitian Technologies.
Riding on Feitian Technologies existing expertise and close relationship with Tencent, the room for growth will be very explosive.
We further note that Securemetric's CEO had recently disposed 25 million shares off market at RM0.20 per share (66% premium to current market price). We believe the buyer could be Feitian Technologies.
Created by PelhamBlackFund | Jul 03, 2020
Created by PelhamBlackFund | Jun 26, 2020
Created by PelhamBlackFund | Jun 24, 2020
Created by PelhamBlackFund | Jun 12, 2020