Tan Chong International

Tan Chong International, TCIL 3K HK$: this traditionally illiquid HK dual-listed stock suddenly emerged in top volume spot with 159m shares traded. The bulk of the trades (~98m shares, or ~4.9% of shares out) was crossed at HK$2.60 at about 11.24am, in a married trade. Interesting that the transaction px is way above the last done at HK$2.10. The top two shareholders in TCIL are, i) Tan family (via Tan Chong Consolidated Sdn Bhd) - 57.8% ii) Guoco Group (via Capital Intelligence Ltd) - 19.9% The rest of the sh/h hold <2% stake. according to Bloomberg. We may get more clarity on the transaction counter parties in a few days time when the shareholding changes are filed and announced on SGX.