Healthway Medical

info.sgx.com/webcoranncatth.nsf/VwAttach...orm1.pdf?openelement
why did Fan Kow Hin reduce his stake from 22.88 to 21.74%, as per link above?

Healthway's Fan Kow Hin's deemed stake in the company has gone down by 25,250,000 shares. His stake is now 21.74% instead of 22.88%. It's a married deal. SGX announcement: 5th December 2012.

Off Market Deal Off-Market Deal is performed based on a pre- agreement price and quantity by the Buyer and Seller. Some of the common reasons are listed below: (a) Seller anxious to dispose a big block of stock fast. If the Sales were to be executed through the Normal SGX matching system, this could caused the stock’s price to fall drastically and thus not allowing the Seller to dispose his big block of shares at the price he wanted. (b) Buyer wanted to buy a big block of shares at a price better than the current market price. If the Buyer were to go through the normal matching system, the stock price will be driven above the price that the Buyer wanted before all the quantity can be fulfilled. (c) Change of major ownership or shareholders. New owner may wish to buy directly from one of the major shareholders in the company. E.g. Public listed Company A’s major shareholders owned 51% of the listed company and they received an offer from Mr K who is interested to own this company. Thus the fastest way for Mr K to buy over the company would be acquiring the shares directly from the major stakeholders.

Thanks for the backgrounding. So in this case is it good news or bad news?
[hr]
[Guest 07-12-2012]:
Off Market Deal Off-Market Deal is performed based on a pre- agreement price and quantity by the Buyer and Seller. Some of the common reasons are listed below: (a) Seller anxious to dispose a big block of stock fast. If the Sales were to be executed through the Normal SGX matching system, this could caused the stock’s price to fall drastically and thus not allowing the Seller to dispose his big block of shares at the price he wanted. (b) Buyer wanted to buy a big block of shares at a price better than the current market price. If the Buyer were to go through the normal matching system, the stock price will be driven above the price that the Buyer wanted before all the quantity can be fulfilled. (c) Change of major ownership or shareholders. New owner may wish to buy directly from one of the major shareholders in the company. E.g. Public listed Company A’s major shareholders owned 51% of the listed company and they received an offer from Mr K who is interested to own this company. Thus the fastest way for Mr K to buy over the company would be acquiring the shares directly from the major stakeholders.

Maybe it could be item a, I cut and paste the paragraph from a website. Probably a married deal so share price won't be impacted. He still holds 21.74% fairly substantial then why sell? Need money? Or want to on board new small shareholder since the 1.14% is about 2m. Any thoughts?

Maybe bringing in a strategic investor? But also not likely because if this is the case, Healthway surely would like to make the announcement? This company looks like in need of stronger leadership - somebody like Peter Lim. 
[hr]
[Guest 07-12-2012]:
Maybe it could be item a, I cut and paste the paragraph from a website. Probably a married deal so share price won't be impacted. He still holds 21.74% fairly substantial then why sell? Need money? Or want to on board new small shareholder since the 1.14% is about 2m. Any thoughts?