Cordlife

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15 Nov 2018 15:59 #24567 by walterlim
Cordlife was created by walterlim
Married deal yesterdat at around 4:30pm. more than 40% of the total shares transacted at 45c. curious to know the purchaser

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18 Nov 2018 21:01 #24571 by fersine
Replied by fersine on topic Cordlife
54.58m shares was sold to Hon Kwok Lung (of Citychamp watch & jewellery group) for S$24.56m at 0.45 per share.

these shares were sold by TripleWise (who had taken over Kunlum's Cordlife shares via a Note Purchase Agreement in May 18).

Kunlum had accumulated about 56m cordlife shares (majority thru married deals) from 27 Nov 15 to 16 Jul 18, before granting it to Triplewise in May 18. Interestingly, these shares were purchased for a cumulative total of about S$94.8m (SGX data).

Unable to fathom the huge buy/sell price difference, wondering what am I missing here?

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