Shares & Derivatives
FU YU STOCK: SOLD ALL MY INVESTMENT YESTERDAY
By Singapore Stocks Investing (SSI)  •  October 31, 2017
Dear readers, Fu Yu stock yesterday headed south by 4.762% to close the trading day at $0.20. I sold off the entire investment in Fu Yu stock at the start of the trading day yesterday. No doubt I have been saying a lot of good things of this stock before, for instance you can read my previous post here  ; the fact is that all of these good words were made before the announcement that on 23 Oct 2017, a substantial shareholder, Mr Ng Hock Ching sold off a total of close to 65.9 million shares for a total consideration of close to $11.9 million. I tried to understand what happened as to why there was a disposal of such a substantial stake in Fu Yu stock. I could not understand more than knowing that such a sale would normally mean the investor letting go ......
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By Singapore Stocks Investing (SSI)
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