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unsure if he has planned it much earlier or only got the idea later in 2025 as he and family didnt acquiredl any GenM shares back in March/April 2025 when the price dropped below rm1.50. but who knows, he may uses his proxy to do so and sold it back to Gent for 2.35. if you observed, it only fall short of less than 1.5% now from 75% for it to trigger takeover offer but there seem to be no actions since 1st Dec. what s the boss really thinking and market hates uncertainty.
been in d market for many years and I noticed a similar pattern whenever the bosses wanna manipulate the price. they always have this impairment accounting to either lift up the profits or widen the losses. another tool is by incurring higher tax expenses as they always have this deferred taxes in their book.