Chairman records first buys in CIL Holdings (479.HK) since Dec 2015 on 15% price fall
Chairman & CEO Ke Jun Xiang recorded his first on-market trades in server storage, multi-media and communication products solutions provider and distributor CIL Holdings Limited (479.HK) [MKT CAP 386M] since December 2015 with 36.6 million shares purchased from October 3 to 5 at $0.10 each [AI SCORE 3.6; 3MTH -57%(0%)/6MTH -65%(0%) 2 BUYS-2012]. The trades, which accounted for 43% of the stock's trading volume, increased his holdings by 6% to 688.220 million shares or 19.04% of the issued capital. The purchases were made on the back of the 15% drop in the share price since April from $0.12. Despite the fall in the share price, the counter is still up since January from $0.09. The acquisitions were also made after the Company announced on September 30 a YE profit attributable to shareholders of $18.1 million for the 12 months to 30 June 2016 versus a loss of $61.465 million in the previous year. He previously acquired 361.4 million shares from October to December 2015 at $0.07 to $0.12 each or an average of $0.105 each and 20 million shares in July 2015 at $0.06 each. Prior to his trades since July 2015, the Chairman acquired 10 million shares in December 2012 at $0.25 each and sold 38.7 million shares from December 2011 to January 2012 at $0.49 to $0.32 each or an average of $0.41 each. Mr. Ke joined the Group in 1999. The counter was trading at $0.107 on October 11 (Asia Insider News Oct 11, 2016).
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