See this on Rihs selling shares to build the Impec factory.
http://www.swissinfo.ch/eng/business...l?cid=29885274
The controversy surrounds the sale of 300,000 shares by Rihs on March 8, worth SFr37.5 million ($41 million). Just eight days later, Sonova issued a profits warning, bringing down the share price from SFr128 to SFr115.
At the news conference, Rihs repeatedly denied insider trading and offered to buy shares back at the value that he sold them for.
Rihs pointed out that he had sold Sonova shares in the past, reducing his holding from 25 per cent to nine per cent in the last few years. The main reason for cashing in shares in March was to help finance a bicycle factory in Grenchen, canton Solothurn, the former head of the now defunct Phonak cycling team added.