Apparently, the controlling shareholder and the chairman of the company has placed at least 280 million shares and up to 375 million shares (which represents all his shares), representing 41.33% and 55.43% of the share capital of the company.
Consideration was $1 per share (Share was trading around 1.23 when it got suspended).
I nearly didn't want to put in my stop loss level but decided to do so half an hour before the market opened this morning. So, I got stopped out at a "better" price ($1.08), but still at a loss.
This trade reminds of my very first trade with Jimei (1159.hk) bought on 9 March just when I started this blog.
Total damage = ($1.16 - 1.08 x 2000 shares) = HKD$178.
