Honey Bun had trading in 55 million shares a short while ago representing more than 58.5 percent of the shareholdings of 94,253,390 shares.
Mayberry Investments as brokers executed the transactions with two blocks of 25,681,800 units and 1,894,000 each for a total value of $295 million.
Michelle Chong and Herbert Chong the two largest shareholders controlled 37.5 million shares each in the company. The trades represent about 73.5 percent of their holdings. It is unclear at this time if the principals have sold out the majority to a new owner.
Today’s trade follows a 40 million trade or 14.53 percent of Derrimon Trading’s shares purchased on Thursday by a large shareholder.
Honey Bun trades 58% of shares
December 18, 2015 by
[…] of the record 1,676.68 points reached on November 18 this year. The market saw another big trade as Honey Bun traded more than 55 million shares, representing more than 58.5 percent of the of 94 million issued […]