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Significant Off Market Trade Revives Interest in KARYON-WA

The interest in KARYON-WA has picked up slightly after a significant off market transaction last Friday (13/5) which saw the company’s Chairman Mr. Loh Chen Yook disposing about 6 million warrants at 12 sen.  KARYON-WA closed at 8.5 sen on 13th May and its price has dipped to 7.5 sen on 18th May 2011.  At the same time, the mother share has also inched up to 24.5 sen on slightly increasing volume.

 

Why is the Chairman disposing his warrants at 50% higher than market price?  Who could have been the buyer?

 

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