Albedo

Albedo: Perhaps the recent sell down by two substantial stakeholders, its CEO Hano Maeloa and Lim Soon Fang, spooked shareholders after the company made the disclosure last evening. CEO Hano Maeloa sold 41m shares @ $0.051 on 27 Aug, reducing his stake from 5.69% to 2.63%. The share were held through his mother Mdm Oei Sui Hua. In addition on 26 Aug, Lim Soon Fang reduced his stake by 20m shares @ $0.05255 per share, bringing down the stake from 13.38% to 11.87%. Lim Soon Fang further reduced his stake on 28 Aug by 12m shares @ $0.0495 per share. Timeline looks interesting on the recent events: 15 Aug: Lim Soon Fang acquired 8m shares @ $0.021, stake increased from 12.83% to 13.43%. 19 Aug: Counter halted; 20 Aug: Company announced its MOU for a potential RTO with Temasya Cergas Sdn Bhd; 26 Aug and 28 Aug: Lim Soon Fang sold an aggregate 32m shares @ between $0.0495 - $0.05255 per share, brining stake from 13.38% to 10.65%