Financial New Review

6 Dec 2016: Protasco Bhd director sold shares at all-time low. Lawyer first to go? FX Alert

BerlinLeak
Publish date: Sun, 11 Dec 2016, 12:39 PM
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6 December 2016, Kajang Selangor, Malaysia - Protasco Bhd announced on Bursa Malaysia, the company independent director Tan Yee Boon, sold 25,000 Protasco Bhd shares at RM1.19 per shares. Tan Yee Boon, a lawyer by profession as per Bursa Malaysia Protasco Bhd annual report, has 100,000 Protasco Bhd shares left. This announcement also serves as an announcement on notification under chapter 14 of the Listing Requirements (Dealing Outside Closed Period).

Protasco shares was traded at all time low, at RM1.19 per shares on 6 December 2016. The price remain the same as of 9 December 2016. Market is concerned why a sudden share bonus in a rush, followed by share selling of director at all time low.
 
Here is the historical chart of Protasco Bhd.

 

Technically Protasco Bhd share price is traded at tight range between RM1.18-RM1.23 (after adjustment) on 30 days moving average. Technical support after breaking RM1.20 level could be ranging from RM1.05, RM0.74, and RM0.42, with up side swing of RM1.25, RM1.35 and RM1.55. 

Company director knowing matters beyond general public, choose to sell shares 1 cent below psychological technical support level of RM1.20, have caused series of sell off from spooked investors. News travel beyond the questionable Protasco board of directors are not verifiable. 

FXNews Alert

Source: 

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5282085

Changes in Director's Interest (S135)

PROTASCO BERHAD

 

Information Compiled By KLSE

Particulars of Director

Name DATO' TAN YEE BOON
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted ($$)
Disposed
05/12/2016
25,000
1.190

 

Circumstances by reason of which change has occurred 
Disposal
Nature of interest 
Direct
Consideration (if any)  

Total no of securities after change
Direct (units) 100,000
Direct (%) 0.024
Indirect/deemed interest (units)  
Indirect/deemed interest (%)  
Date of notice 06/12/2016

 


Remarks :
1. The dealing of 25,000 shares represent 0.006% of the issued shares of the Company. 2. This announcement also serves as an announcement on notification under chapter 14 of the Listing Requirements (Dealing Outside Closed Period).

 

 

 

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Created by BerlinLeak | Dec 11, 2016

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