Weekly Buybacks:IFS Capital, Singtel & Credit Bureau Asia Professional directors raise stake

Over the five trading sessions close to 70 director interests and substantial shareholdings were filed. Across 30 primary-listed stocks, Directors or CEOs reported 12 acquisitions and four disposals, while substantial shareholders recorded four acquisitions and two disposals.

1. $IFS Capital(I49.SI)$

On August 8, IFS Capital Chairman and Non-Executive Director Lim Hua Min increased his deemed interest from 60.36% to 67.22%. The married deal saw Phillip Assets Pte Ltd acquire 25,773,280 shares at S$0.180 per share. The stockbroking pioneer and Executive Chaiman of the Phillip Group of Companies was first appointed Chairman of IFS Capital in May 2003.

On August 12, Executive Director and Group CEO Randy Sim Cheng Leong also acquired 900,000 shares at an average price of S$0.148 per share. This increased his direct interest from 1.43% to 1.665.

2. $Singtel(Z74.SI)$

On August 14, Singapore Telecommunications independent non-executive director Yong Ying-I acquired 100,000 shares at an average price of S$4.05 per share. This increased her direct interest to 310,000 shares. Her preceding acquisition was on June 5 with 150,000 shares acquired at S$3.87 apiece.

3. $CreditBureauAsia(TCU.SI)$

Between August 8 and 12, Credit Bureau Asia Executive Chairman and CEO Kevin Koo Chiang acquired 172,100 shares at an average price of S$1.33 apiece. This increased his total interest from 63.97% to 64.12%.

4. $Stamford Land(H07.SI)$

Between August 7 and 12, Stamford Land Corporation executive chairman Ow Chio Kiat acquired 155,800 shares at an average price of S$0.42 each. This takes his total interest in the independent owner-operator of luxury hotels in Australia and established real estate developer and investor to 46.20%.

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