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Spike in MBFHLDG-WA Price caused by Major Shareholder’s Trading?

The performance of MBFHLDG-WA after the company’s minority shareholders rejected its major shareholder’s plan to privatize the company has been spectacular.  The warrant had rallied from 7 sen before the privatization plan was shot down to about 15 sen at the time of writing.


While the cases of warrants shooting up post failure of takeover or privatization has been featured here before, the case of MBFHLDG-WA could the first time where the major shareholder had a hand in leading the price action of the warrant.

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