Saw this news clip:
- Muhibbah director sells shares
MUHIBBAH Engineering (M) Bhd executive director Lee Poh Kwee disposed of some half a million shares in the company for RM1.82 on June 16.
Consider the facts: Singapore Business Times published the article on 15th June 2011. CIMB puts Asia Petroleum Hub under receivership
The next day, 16 June: And Muhibbah Comes Crashing Down
And Muhibbah's ED chose to dispose half a million shares for rm1.82 on the same day?
What's the company trying to tell the market eh?
Found the Bursa announcement: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD