Yes ,it's logical that the company is looking for a buyer.
Yong Yoon Kiong is holding 1,515,483,052s since the company's IPO in 2010 and never sold any of it.
An acquisition by another company is the best way for him to exit. His wife and kids all living in singapore and they doesn't seem to have much interest in the company
@NEWBIE138 You are right, this company almost every 1 or 2 weeks issue ESOS.
When they buy from the market with higher price, the directors will sell their ESOS to make profit. Buying using company's fund but selling ESOS go into directors' own account.
Very smart way for the directors to make recurring income every months for the rest of their lives! No need to work also got huge income every month.
small qty issue on esos is good to encourage the employees , worse is big quantity on PP . if the business is got future than its good to hold , recent price high is near rm 1, now is acyually cheap to hold
I got replied from Mr. Calvin Lim from JCY already. He said the ESOS scheme was approved by shareholders during 27Feb 2018. He will try to reduce the frequency as much as possible.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cheong_md
2 posts
Posted by cheong_md > 2021-06-08 16:43 | Report Abuse
Will someone to push JCY??