Weekly Buybacks: Valuetroni, Sinostar, SAM, Union Steel & Zixin Professional directors raise stake

SGX_Stars
04-28

The five trading sessions spanning April 17 through to April 24 saw close to 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 16 acquisitions, and no disposals, while substantial shareholders filed four acquisitions and four disposals.

1. $Valuetronics(BN2.SI)$

Between April 17 and 24, Valuetronics independent director Sandy Liu acquired 84,400 shares at S$0.607 per share. This followed the acquisition of 59,000 shares on April 15. Ms Liu was appointed to the board of the integrated electronic manufacturing services in July 2024. 

2. $Sinostar Pec(C9Q.SI)$

Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping continued to build his deemed interest, with 300,000 shares acquired at S$0.142 apiece. This increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.35% to 69.36%.

This followed Mr Li increasing his deemed interest between 11 and 16 April. He has increased his deemed interest from 57.8% at the end of 2019, mostly through a rights issue earlier in the year.  

3. $SouthernAlliance(QNS.SI)$

On April 21, Southern Alliance Mining (SAM) managing director Pek Kok Sam acquired 105,600 shares at an average price of S$0.53 a share.

This took his total interest in the Catalist-listed stock from 63.59% to 63.61%. His preceding acquisition was back in late 2024, with the bulk of shares bought at an average price of S$0.410 per share.

4. $UnionSteel(ZB9.SI)$

On April 21, Union Steel Holdings executive director Ang Yew Chye acquired 45,000 shares at an average price of S$0.510 per share. This increased his total interest in the metals, scaffolding, and engineering company from 12.22% to 12.26%.

As a co-founder of the group, Mr Ang has been an executive director since August 2004. His preceding acquisition of 15,000 shares at S$0.515 apiece was on March 27, and he has increased his direct interest from 12.08% when Union Steel Holdings reported its 1HFY25 (ended Dec 31) results on February 12.

5. $Zixin(42W.SI)$

On April 17, Thomas Clive Khoo increased his substantial shareholding in Zixin Group which is now above 11%. He emerged as a substantial shareholder in June 2024, then gradually built his direct interest to above 10% in late October 2024.

At the same time the share price of Zixin increased from S$0.018 in June 2024 to S$0.028 in October 2024 and was trading at S$0.027 on April 17. 

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