Tuesday, 2 February 2016

Shell Malaysia: shocker

Shell Refining today announced the disposal of 153 Million shares by the major shareholder.

Absolutely shocking was the low price, only RM 1.80 per share.

Here is the 5-year chart of Shell:

The attachments containing the press release and the press notice do not give any more background on this rather remarkable deal.

What is going on here, am I missing something?

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