Posted by minshome > 2013-09-23 19:56 | Report Abuse

what does this means?? Anyone care to explain?

Posted by ipomember > 2013-09-23 19:59 | Report Abuse

the treasury share held under daya will be cancelled or resale as per title said... if cancel then nothing lo, if resale, outstanding share increase. Someone please correct me if i am wrong. hehe

Posted by calow1 > 2013-09-23 20:07 | Report Abuse

basically the company (DAYA) is buying back its own shares like it is an investor just like u and me do...

and these treasury shares that they keep, the company has various options on how to deal with it.

Eg:
1) Give it to shareholders as Dividends

2) Cancel the shares, so that the no of shares in company reduce...

3) Sell back the shares (like investor selling off investment)

So.. DAYA is selling its shares which normally is quite a "strange signal" la.. cos does that mean the co forsee that the price is "at ceiling" that they themselves not keeping.

or maybe they needed the cash.. so have to sell shares?
or maybe they needed to increase public float?

etc.. etc...