Cheetah strange trading volume = share buy back

Cheetah announced a series of share buy back. We think it is ok even not GO to protect share holder value. But the volume still not normal as a non high volume counter explode few times due to share buy back.   Either left to right pocket or a major share holder or fund is selling.  May be bonus issue is mulling and may be preparing sell off the whole brand to other company.   May be……