05-01-2015, 01:20 PM
Oh dear. Was this a short sale with the intention of buying them back at bargain prices later? Did he know something was going to happen? Or was it innocent?
Quote:AirAsia's Tony Fernandes sells shares in Tune Insurance
Published: 26 December 2014
AirAsia group CEO Tan Sri Tony Fernandes' Tune Group Sdn Bhd sold 944,800 shares in Tune Insurance Holdings Bhd. Reuters pic, December 26, 2014.AirAsia group chief executive officer Tan Sri Tony Fernandes' investment vehicle Tune Group Sdn Bhd has sold a total of 944,800 shares in Tune Insurance Holdings Bhd.
According to a filing with Bursa Malaysia, some 850,000 shares were sold on December 22 and an additional 94,800 shares the day after. All shares were sold at RM1.60 each.
Tune Insurance share price has been on a decline since early August, falling from RM2.50 to a low of RM1.56 two weeks ago. The stock jumped 11 sen, or 6.67%, to RM1.76 today with 1.08 million shares traded.
After the latest share sales, Tune Group still holds 128.37 million shares, or a 17.08% stake, in the insurance group.Meanwhile, Fernandes, who is the non-independent, non executive director, still holds a 30.73% indirect stake and a 0.01% direct stake in Tune Insurance. The Edge Markets, December 26, 2014.
- See more at: http://www.themalaysianinsider.com/busin...Pn2NF.dpuf
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14