Weekly Buybacks: OUE, ValueMax, Ho Bee Land & Sinostar PEC Professional directors raise stake

SGX_Stars
04-21

The four trading sessions saw close to 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 19 acquisitions, and one disposal, while substantial shareholders filed eight acquisitions and one disposal.

1. $OUE(LJ3.SI)$

Between April 7 and April 11, OUE Executive Chairman and Group Chief Executive Officer Stephen Riady increased his deemed interest from 72.93% to 73.08%.

This was through Lippo Assets (International) Limited acquiring 847,000 Shares at an average price of S$0.91 per share, and Hongkong Chinese Limited (HCL) acquiring an aggregate of 347,100 shares at an average price of S$0.94 per share.

2. $ValueMax(T6I.SI)$

Between 7 and 10 April, group executive chairman of ValueMax Yeah Hiang Nam acquired 1,133,800 shares at S$0.487 per share.

This increased his total interest in the pawnbroking, moneylending and retail and trading of gold and jewellery business to 85.02% from 84.89%.

3. $Ho Bee Land(H13.SI)$

On April 15, Ho Bee Land CEO and Executive Director Nicholas Chua Wee-Chern acquired 113,000 shares at S$1.77 per share.

This increased his direct interest from 0.48% to 0.50%. Joining the Group in 2002, over the past two decades, he has played a key role in expanding the Group's development and investment presence in Singapore, Australia, China, Europe, and the United Kingdom.

4. $Valuetronics(BN2.SI)$

On April 15, Valuetronics Independent Director Sandy Liu Yuen Weai acquired 59,900 shares at S$0.60 per share. This was Ms Liu ‘s first acquisition in the one-stop integrated Electronic Manufacturing Services provider since she her appointment to the Board in July 2024. 

5. $Sinostar Pec(C9Q.SI)$

Between 11 and 16 April, Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping acquired 380,000 shares at an average price of S$0.136 per share.

This increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.31% to 69.35%. This followed Mr Li increasing his deemed interest by 11.18% in the recent rights issue that went ex-rights in February. 

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