Weekly Buybacks: SSC, APTT & Food Empire Professional directors raise stake

SGX_Stars
07-21

Over the five trading sessions leading up to July 17, a total of 55 director interests and substantial shareholdings were filed. Across more than 25 primary-listed stocks, Directors or CEOs reported five acquisitions and no disposals, while substantial shareholders recorded eight acquisitions and six disposals.

Both share buybacks and director filings were less than the usual quota, as the local market nears a busy few weeks of financial reporting. 

1. $SingShipping(S19.SI)$

On July 9, Singapore Shipping Corporation Executive Chairman Ow Chio Kiat acquired 2.5 million shares at an average price of S$0.275 apiece.

This increased his total interest from 43.77% to 44.39%. The married deal was a significant step up in pace compared to the 161,100 shares at the same price between July 3 and July 8. Mr Ow has been gradually increasing the interest from 42.97% in May 2024.

2. $Asian Pay Tv Tr(S7OU.SI)$

Between 14 and 15 July, Mr Lu Fang-Ming, non-executive director and vice-chair of the trustee-manager of APTT, acquired 417,100 units of the business trust for a consideration of S$38,230 at an average price of S$0.092 per unit.

This increased his total interest in APTT from 1.25% to 1.28%. This followed his acquisitions of 400,000 units in June, 263,600 units in May and 319,400 units in April.

3. $Food Empire(F03.SI)$

On July 15, Independent Director Adrian Chan exercised 105,000 share options at S$0.802 apiece.

Mr Chan is also Head of Corporate at the law firm, Lee & Lee, and has been in legal practice for over three decades. He was first appointed to the Board of Food Empire Holdings in January 2022. This took his direct interest in the multinational food and beverage manufacturing and distribution group to 0.02%. 

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