The Insider Trading Directorate is investigating three new cases of possible insider trading, including one involving the shares of IT company CS Holdings.
The other two cases involve share transactions in furniture retail group Wetherlys Investment Holdings and electrical durables group Amalgamated Appliance Holdings.
The suspicious trades in CS Holdings shares took place in April this year, ahead of a trading statement issued on 28 April.
That statement warned that earnings for the year to 30 June and net asset value at the end of the financial year would be substantially lower than in the previous year.
At the time, CS Holdings was being courted by 31.7% shareholder Reunert, which subsequently declined to make an offer for the company.
Other suitors included UCS Group and EOH, both of which walked away from making deals. CSH selected Bytes Technology Group as the preferred bidder in mid-June, although no deal has yet been struck.
Of the eight ongoing cases still being investigated by the Insider Trading Directorate, three are related to IT companies.
These are CS Holdings, Omega Alpha International Info Technology Holdings (dating from May 2001) and Sempres International Technology Holdings (also May 2001).
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