Soko Fitness & Spa (fka SOKF)

[DHH]

Lots of insider buying by IDG. They are the institutional shareholders that bought a 10% stake in March. Sounds like SOKO didn't want to sell them more than 10% (a good sign), so they have been buying over the last several months on the open market.

IDG are the guys who backed Baidu and CTrip. They have an observer on SOKO's board, so they probably have very good information.

IDG featured SOKO on their website several months ago when they bought their initial stake, but removed them shortly after. I wondered why at the time. Perhaps I now understand - they did not want to promote the company while still buying on the open market.


See
Form 4 SEC Filings showing IDG buys