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Take note that despite the disposal of shares, the directors still holds a staggering 46.9% ownership in company. Look at Public Bank where founder holds less than 30% stakes in company. A healthy and mature public listed company should have more shares held by public rather than in one individual's hand for better governance and monitoring by public, and less manipulation by one or two playmaker.
I view this gradually release of ownership to public represent director's strong confidence in company's future and let the company's result speaks for itself. If not why EPF has been increasing their stakes in Kossan every mth from 5%+ in May20 to 7.78% in early Sept20? Track record is better than hearsay,misleading statement or so called insider news.
the release of ownership may have to do with the listing of company in the msci index, as many foreign funds may start to include the counter in their portfolio henceforth, if they wish. Of course this is on longer term investment perspective, those who follow market sentiment better look elsewhere for quick money purpose.
audrey, does it means the share being selling to market for more flexibility instead of holding in hand. mean while still holding sufficient share totake control of the company operation?
