The warrant can only be exercised like 2 weeks before expiry.
And the CEO had transferred all his warrants to his daughter. Over a billion warrants.
And they have a history of selling the warrants which they obtained FOC in open market. No intention of exercising. See history.
And only CEO need to report sale of warrant. But with the transfer to daughter, any sale by his daughter need not be disclosed. Playing with SGX rules?