Weekly Buybacks: ISOTeam, Rex International & Hiap Seng Industrie Professional directors raise stake

Director Transactions

Over the five trading sessions around 50 director interests and substantial shareholdings were filed. Across more than 20 primary-listed stocks, Directors or CEOs reported three acquisitions and no disposals, while substantial shareholders recorded nine acquisitions and six disposals. 

1. $ISOTeam(5WF.SI)$

The Ginko-AGT Global Growth Fund increased its direct interest in ISOTeam to above the 5.00% substantial shareholder threshold on July 15. The transaction saw 5,986,600 shares acquired at S$0.086 apiece. 

2. $Rex Intl(5WH.SI)$

American Century Investment increased its direct interest in Rex International Holding to above the 5.00% substantial shareholder threshold back on July 17. The transaction saw 2,436,200 shares acquired at S$0.178 apiece.

Based on recent filings, the majority of American Century Investment Management's holding in Rex International is concentrated in its Avantis International Small Cap Value ETF. This ETF is issued by Avantis Investors, a wholly owned subsidiary of American Century, which launched its first suite of ETFs—including the International Small Cap Value ETF—in 2019.

3. $Hiap Seng Ind(1L2.SI)$

On July 21, Chandra Asri Trading Company Pte Ltd (CATCO) became a substantial shareholder of Hiap Seng Industries, acquiring 330,158,996 shares in a married deal at S$0.008 per share. This increased its direct interest from 4.50% to 11.87%. 

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