Unionmet

Unionmet: Counter is up 10% today to $0.089 on strong volumes. We highlight that a 128m married share trade involving Precious Stream Holdings and Asia Capital Group occurred on Monday. Do note that the average transaction amount was done at $0.162/share. On the same day, Executive Chairman Li Hua bought 1.8m shares at $0.081 on average, raising his stake from nil to 0.29% Recall, the company is in the midst of a business restructuring following a strategic review in 2H13. The group is seeking to diversify into property development and oil blending, particularly in S’pore and China.