JEL/GSH

JEL/GSH: Koh Boon Hwee has sold 20.968m shares at an undisclosed price on last Thury (May 24). Assuming 7 cents a share, the sale could have brought him about $1.4m profits. In February, Koh Boon Hwee had paid merely 0.35c/ share for 283.9mrights shares. This is a massive allotment to him as he had subscribed for excess rights shares not taken up by minority shareholders. Now, will his recent 21m share sale result in a perceived overhang in the market for GSH? Time will tell.