Evo Fund has cut its reported Saikaya position to 752,800 securities, with the holding ratio down to 0.0892 from 0.0995 in the previous report. The filing is based on holdings as of May 22 and was submitted on May 29.
The mix matters. Of the remaining exposure, 142,800 are ordinary shares and 610,000 are share subscription rights, against 7,829,350 outstanding securities. For readers thinking about overhang, that leaves a smaller position, but not a vanished one, and most of it is still sitting in rights rather than plain stock.
The filing says the change report was triggered because both the overall and standalone holding ratios fell by more than 1%. It also includes a 60-day dealing record showing repeated market disposals of common shares and off-market disposals tied to rights exercises in late March and early April. The report does not give a reason for the selling beyond that disclosure trigger.