Oxley Holdings Executive Chairman and CEO, Ching Chiat Kwong has been buying back Oxley Holdings stocks shares from the open market through share buy-back. On 8 Apr 2016, Ching bought 54,200 shares at a share price of $0.42. This was the same price Ching paid for 50,000 shares on 10 Mar 2016, for 16 million shares on 2 Mar 2016, for 200,000 shares on 1 Mar 2016, just some of the dates for Ching’s daily share buy-back which started on 28 Oct 2015 and which has a maximum of 147,410,998 shares authorized for purchase. To date, 17,739,000 shares have been purchased to date in the share buy-back by Ching.
There is only one reason why the CEO of a listed company will buy into a stock and that is because of confidence in his company. However, on 8 Apr 2016, Oxley Holdings stock went south by 3.4% and ......