SIA Engineering’s response to SGX queries still sheds no light on why JP Morgan offered to sell 28 million shares. Looking at the volume traded on 4 october, about 5.5 million shares changed hands through SGX. The past 2-3 months total volume also don’t add up to 28 million which mean they haven’t sold it yet. Could they have done it through a married deal and who is the counterparty? According to SGX rulebook, married deal needs to be reported.
I need to be educated on this.
How did Reuters or Bloomberg know about this? And why would JP Morgan make it a public news? Very curious.
Actually, people tend to focus on the bad news but every sale has a buyer and what if the buyer …