10% owner Dada Business Trading Co. purchases 2,529,236 shares of CIMG at $0.52, boosting stake to 6,739,761 shares (+60.1%)
Dada Business Trading Co., Ltd., a 10% shareholder, purchased 2,529,236 shares at $0.52 per share on 2025-03-18, increasing its holdings by 60.1% to 6,739,761 shares total. This substantial increase in ownership stake by an established insider occurs at a price significantly below the current market level of $10.10 and well below the 52-week high of $32.00. The purchase comes as the company faces material operational challenges: it reported a negative net income of $-1,440,197.00 for its most recent full fiscal year and continues to run unprofitable with latest quarter revenue of only $366,888.00, despite showing 7.7% annual revenue growth. The timing and magnitude of this insider accumulation—particularly the 60.1% increase in a substantial equity stake—warrant close investor scrutiny given the company's profitability challenges and the pronounced price decline of -68.4% from its 52-week high.