According to KSH, these treasury shares were all accumulated over years of share buybacks.
Construction firm KSH Holdings has placed out nearly 29 million treasury shares at 30.5 cents each, raising net proceeds of $8.67 million for working capital.
The shares were placed out to managers and investors such as ICH Capital, GinkoAGT Global Growth Fund and Lion Global Investors who are trying to hitch the ride up this current construction up cycle.
