Communications
Jiarong Chen (Director since 2020) sells US$18.5m worth of stock at an average price of HKD 2.64, reducing his holding by 68%. This sale is indirect, on behalf Jubilee Prestige Investments Limited, which is wholly owned by the director. It is the lowest price he has ever sold shares. Chen has a short but good record as a seller. He started to sell in Dec 23 at HKD 3.51. It is concerning to see him continuously selling in large absolute size and at a lower price. Smart Insider ranks the stock -1 (lowest rating).
Edition: 189
- 28 June, 2024