Weekly Buybacks: M44U, Straco, UOBKH, J91U, iFast &Union Steel Professional directors raise stake

SGX_Stars
05-05

In the four trading sessions between Apr 25 and 30, nearly 80 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 20 acquisitions and no disposals; substantial shareholders filed four acquisitions and two disposals.

1. $Mapletree Log Tr(M44U.SI)$

On Apr 25, Mapletree Logistics Trust Management executive director and CEO Jean Kam acquired 100,000 units of MLT at S$1.14 a unit. This increased her interest to 179,800 units.

Before the acquisition, MLT provided its Q4 FY2025 results, in which revenue decreased by 0.8% from the year before to S$179.6 million, mainly due to lower contributions from China, divested properties and currency depreciation.

2. $Straco(S85.SI)$

On Apr 25, Straco executive chairman Wu Hsioh Kwang acquired 16,545,000 shares in a married deal at S$0.40 apiece. With a consideration of S$6,618,000, this increased his direct interest from 1.04% to 2.97%.

He also maintains a 55.02% deemed interest through Straco Holding, Straco (HK) and his spouse and non-executive director Chua Soh Har. This brings his total interest to 57.99%.

3. $UOB Kay Hian(U10.SI)$

On Apr 29, UOBKH chairman and managing director Wee Ee Chao acquired 788,360 shares at S$1.80 apiece. This increased his deemed interest from 35.27% to 35.35%. He has gradually increased his deemed interest in the regional financial-services group from 29.49% at the end of 2019.

4. $ESR-REIT(J91U.SI)$

On Apr 25, ESR-Reit Management (S) independent non-executive director Nagaraj Sivaram acquired 936,000 units of ESR-Reit at S$0.21 a unit. This almost doubled his direct interest from 0.013% to 0.025%.

5. $IFAST(AIY.SI)$

On Apr 28, iFast non-executive non-independent director Lim Wee Kian acquired 80,000 shares at an average price of S$6.50 a share. With a consideration of S$520,407, this increased his total interest in the wealth-management fintech platform from 6.45% to 6.47%.

His preceding acquisitions on the open market were in March 2024 for 25,000 shares, at an average price of S$6.89 a share, and in October 2022, when he bought 57,000 shares at S$3.79 a share.

6.U $UnionSteel(ZB9.SI)$

On Apr 28, Union Steel executive director Ang Yew Chye acquired 134,600 shares at an average price of S$0.53 a share. This increased his total interest in the metals, scaffolding and engineering company from 12.26% to 12.37%.

This closely followed his acquisition of 45,000 shares at S$0.51 a share on Apr 21. The co-founder increased his direct interest from 12.08% when Union Steel reported its H1 FY2025 (ended Dec 31) results on Feb 12.

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