Lim Tah Hwa has been accumulating ALLIED TECH shares back in 29 NOV 2017. He has made 2 purchases in 2018(1 FEB and 9 APR). Now that he has emerge as the biggest controlling shareholder, expect some corporate changes to take place in 2018. Market must be wondering what plan he has for ALLIED TECH given that his purchase price is substantially higher than current market price of 4.8cents(versus 7cents we illustrated out below).
Share purchases by LIM TAH HWA -
29 NOV 2017 114m@ $7.068m or $0.062
1 FEB 2018 229m@ $18.35m or $0.08
9 APR 2018 60m @ $3.00m or $0.05
TOTAL 403.4m@ $28.42m or $0.07 average.