For illustration purposes, had the fines been imposed on Dec 31, 2016, based on the latest audited financial statements for the financial year ended 2016, the net tangible asset per share as at Dec 31, 2016 would have decreased from S$6.34 to S$6.03. Had the fines been imposed on Jan 1, 2016, the earnings per share for the 2016 fiscal year would have dropped from 43.2 cents to 11.7 cents.
Hmm .. walau. Bad news but white candle!
Where goes wrong?
Bought from sellers/Sold to buyers = 4,625,100/4,251,300 = 109%
Shortists tio squeezed???