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Kingdee (0268) issues profit warning, 15 days after Chairman's HK$504m stock sale
Company announcement, 5-Jul-2019
The stock closed at $7.98 today, down 25% since our bubble warning of 18-Mar-2019. The chairman sold 60m shares at $8.40 on 20-Jun-2019, 10 days before the period end. Kingdee produces accounting and enterprise resource planning software. Surely they should have had management accounts for the first 5 months of the year by the time he sold, if their software is any good. The SFC should investigate.
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