Thursday, November 21, 2013

Figtree

Figtree: No corporate news for Figtree's 22% decline today. Do note that Freight Links has a 20% stake in this Company post IPO and it increased its stake by buying an additional 13.1m shares at $0.20 each from Danny Siaw in Oct 2013 in order to maintain its shareholding at 20% to make it an associated company. The 20c level will probably served as a "independent valuation" of the firm.

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