Weekly Buybacks: UOB, UOBKH, Wee Hur, Q & M Dental & M44U Professional directors raise stake
Director Transactions
The five trading sessions spanning May 2 through to May 8 saw more than 100 director interests and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or CEOs filed 11 acquisitions, and one disposal, while substantial shareholders filed eight acquisitions and three disposals.
1. $UOB(U11.SI)$
On May 7, United Overseas Bank deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$34.48 per share. This increased his direct interest to 0.36%, and total interest from 10.75% to 10.76%.
2. $UOB Kay Hian(U10.SI)$
On May 2, UOB-Kay Hian Holdings Chairman and Managing Director Wee Ee-Chao acquired 139,753 shares at S$1.80 apiece. This increased his deemed interest from 35.35% to 35.37%. This followed his acquisition of788,360 shares on April 29 at the same price. Mr Wee has gradually increased his deemed interest in regional financial services group from 29.49% at the end of 2019.
3. $Wee Hur(E3B.SI)$
On May 5, Wee Hur Holdings Executive Director and Deputy Managing Director Goh Yew Gee disposed of 1 million shares at an average price of S$0.545 apiece. This reduced his total interest from 2.18% to 2.07%. Mr Goh has maintained this role since September 2007.
4. $Q&M Dental(QC7.SI)$
Between May 2 and 5, Q & M Dental Holdings Non-Independent Executive Director and Group Chief Executive Officer Ng Chin Siau increased his total interest from 53.02% to 53.17%. The 1.4 million shares were acquired at an average price of S$0.30 apiece. The shares were acquired both directly and through Quan Min Holdings Pte Ltd. Dr Ng oversees the corporate direction of the Group, leading business strategies, policy planning, and development in Singapore, Malaysia, and the PRC. His preceding acquisition via the market was in November 2021.
5. $Hong Fok(H30.SI)$
On May 6, Hong Fok Corporation executive director and joint CEO Cheong Sim Eng acquired 80,000 shares, for a consideration of S$50,345 at an average price of S$0.754 cents per share. He maintains a 20.41% total interest in the property developer. This was his first acquisition since August 2022, when 35,000 shares were acquired at S$1.05 cents per share. Prior to that he acquired 43,000 shares at 98.0% share in June 2022.
6. $Wing Tai(W05.SI)$
Wing Tai Holdings chairman and managing director Cheng Wai Keung has increased his deemed interest in the company through shares acquired by his spouse, Helen Chow. Between May 2 and May 8, Mr Cheng’s deemed interest in the leading real estate developer and lifestyle retailer rose by 240,000 shares, from 61.65% to 61.69%.
7. $Mapletree Log Tr(M44U.SI)$
On May 8, Mapletree Logistics Trust Management non-executive chairman and director Lee Chong Kwee bought 100,000 units of Mapletree Logistics Trust at S$1.10 per unit. This increased his direct interest in the REIT to 400,000 units.
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