01-10-2019, 03:19 PM
(01-10-2019, 06:27 AM)Xiaosaint Wrote: https://links.sgx.com/1.0.0/corporate-an...190926.pdf
The manager of First REIT has just sold 2,542,300 units of share via market transaction.
Is it something to be worried about when an insider is selling their shares?
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The manager has been increasing their stake from 61M to 80M shares or 7.7% to 10.1% (Apr to Sep 2019).
This is the first time RM has sold 2.5M shares. Share holding drops to 9.8%.
So, In my opinion, I won't be worry too much for now unless RM continue to trim their holding.