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XTALPI Diamond Holder$XTALPI(02228.HK) announced the completion of bond issuance today, which is not important. What's important is $NUMANS(02530.HK), a micro-cap company with a market value of only 650 million, whose main business is selling health food. It is said that the entire company has only more than 40 people and does not produce any products itself, only doing OEM processing and sales. Moreover, the company is a typical husband-and-wife shop, with the male owner Wang Ping as the president and the female owner Cui Juan as the executive director. It is this inconspicuous small company that spent more than 80 million to buy Jingtai shares, and it was just two days before Jingtai completed its bond issuance. Is this a coincidence?
Instantly, I thought of all the bizarre events I witnessed during the years I was beaten in the Myanmar A-share market. As for the nature and motivation of this stock purchase, those who are interested can look for information about Newman's shareholder background (especially its relationship with the mainland).
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