"GM sold 478 million common shares at $33 each, raising $15.77 billion, as well as $4.35 billion in preferred shares, more than the initially planned $4 billion."
I have no exact proof, just mere speculation as the figure is way above average...
Just a quick update after reading Xingquan Annual Report. I have noticed that Koon Yew Yin and his relatives own 9.48% in the company. Those shares were held through himself, wife and close relatives. In other words, Koon Yew Yin and his relatives have bought up more than 30 million Xingquan shares. Surely he is not into Xingquan for fun.
Could it be because of GM IPO?
ReplyDeleteAny proof?
ReplyDeleteQuoting from Reuters:
ReplyDelete"GM sold 478 million common shares at $33 each, raising $15.77 billion, as well as $4.35 billion in preferred shares, more than the initially planned $4 billion."
I have no exact proof, just mere speculation as the figure is way above average...
This posting tracks the buying/selling by SP 500 main shareholders.
ReplyDeleteAnd as per finviz data, at this moment of time, there is no SEC 4 filling from GM.
finviz datasheet on GM
Thanks for sharing... interesting view...
ReplyDeleteYou could check out this posting also:
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ReplyDeleteJust a quick update after reading Xingquan Annual Report. I have noticed that Koon Yew Yin and his relatives own 9.48% in the company. Those shares were held through himself, wife and close relatives. In other words, Koon Yew Yin and his relatives have bought up more than 30 million Xingquan shares. Surely he is not into Xingquan for fun.
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ReplyDelete