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As joint ventures flounder, New Silkroutes’ director Lee logs trades

Chan Chao Peh
Chan Chao Peh10/9/2017 08:00 AM GMT+08  • 4 min read
As joint ventures flounder, New Silkroutes’ director Lee logs trades
(Oct 9): New Silkroutes Group’s (NSG) executive director Lee Soek Shen has been actively buying shares of the company on the open market. For nearly a month, he has made daily purchases. But there were two days on which he sold shares as well. The trans
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(Oct 9): New Silkroutes Group’s (NSG) executive director Lee Soek Shen has been actively buying shares of the company on the open market. For nearly a month, he has made daily purchases. But there were two days on which he sold shares as well. The transacted prices were in a tight range of up to 10%, and usually accounted for a significant proportion of the counter’s transacted volume on any given day.

Also known as Shen Lee, the company’s third-largest shareholder recently bought 20,500 shares at an average price of 41 cents on Sept 28, according to an Oct 2 filing. This comes after a purchase of 50,900 shares the day before, at an average price of 43.01 cents a share. Yet, on Sept 25, Lee had sold 224,000 shares at an average price of 43.134 cents apiece.

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