Fu Yu Corporation

Fu Yu Corporation: Volumes have spiked recently after 4 Apr, mainly due to Lui Choon Hay, the Company's President/ substantial shareholder on paring down his stakes in the Company- 4 Apr: 6.8m shares at average price of $0.06365/ share; 10 Apr: 12m shares at average price of $0.0703/ share; Company also made a response to a SGX query on its recent trading activity, that one of its subsidiaries is in the negotiation of a transaction involving disposal of some of its machineries and equipment to a third party.