Who's supporting COSCO(S) shares???

This company recorded a loss per share that is over 80% of the value of its recently traded price, while debt on its balance sheet ballooned to S$6 billion, just as cash levels were maintained at around S$1.5 billion.

Who the heck is buying up the shares just as they threaten to fall below 30c? Why are they doing so?

Another mystery posed by the inscrutable markets!