Weekly Buybacks: Q&M Dental, Venture, Cosmosteel, Wing Tai & UMS Professional directors raise stake

The five trading sessions spanning May 23 through to May 29 saw close to 90 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs again filed 24 acquisitions, and two disposals, while substantial shareholders filed 22 acquisitions and six disposals.

1. $Q&M Dental(QC7.SI)$

On May 26, Q & M Dental Group (Singapore) non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 53.72% to 53.92%. The 1,882,200 shares were acquired by Quan Min Holdings Pte Ltd at an average price of S$0.345 apiece. Since the end of April, Dr Ng has increased his total interest from 53.02%.

2. $Venture(V03.SI)$

On May 22, Chua KL Family Ltd acquired 30,000 shares at S$11.08 apiece. This took the deemed interest of Venture Corporation Independent Non-Executive Director Chua Kee Lock to 0.01%. 

3. $Wing Tai(W05.SI)$

Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to raise his deemed interest in the company from 61.78% to 61.84%, through 395,000 shares bought by his spouse, Helen Chow.

4. $UMS(558.SI)$

On May 26, UMS Integration CEO Andy Luong acquired 100,000 shares at an average price of S$1.15 per share. This increased his deemed interest from 15.36% to 15.38%. His preceding acquisitions on the open market were in April, with 199,800 shares acquired at S$0.925 apiece and in September 2024 with 600,000 shares acquired at S$0.983 apiece.

5. $CosmoSteel^(B9S.SI)$

Between May 23 and 27, Cosmosteel Holdings Executive Director and CEO Jack Ong Tong Hai acquired 500,000 shares at an average price of S$0.220 apiece, increasing his direct interest from 16.81% to 17%. This follows his acquisition of 6,050,000 shares at between May 20 and 22. On May 15, Evolve Capital Advisory Private Limited, on behalf of 3HA Capital Private Limited, announced a voluntary conditional cash offer for all issued and paid-up ordinary shares of Cosmosteel Holdings at S$0.20 apiece. 

6. $SamuderaShipping(S56.SI)$

Between May 23 and 28, Samudera Shipping Line executive director and CEO Bani Maulana Mulia acquired 73,100 shares at an average price of S$0.819 apiece. This increased his direct interest from 0.67% to 0.68% and followed his acquisition of 99,600 shares at S$0.80 apiece between May 8 and 14. 

7. $Ho Bee Land(H13.SI)$

Between May 26 and 29, Ho Bee Holdings (Pte) Ltd acquired 38,600 shares of Ho Bee Land at S$1.77 apiece. This marginally increased the deemed interest of Ho Bee Land executive chairman Chua Thian Poh, which is at 75.65%. This closely followed the acquisition 129,200 shares at S$1.75 per share between May 16 and 20.

8. $Sinostar Pec(C9Q.SI)$

Between May 23 and 29, Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping acquired 1 million shares acquired at S$0.147 apiece This increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.46% to 69.56%. This follows his acquisition of 800,000 shares acquired at S$0.142 apiece between May 19 and 21, and 880,000 shares acquired in April. Since the end of 2019, he has raised his deemed interest from 57.80%, primarily through a rights issue earlier this year.

9. $NamCheong(1MZ.SI)$

Between May 21 and 26, Nam Cheong Tan Sri Datuk Tiong Su Kouk increased his total interest from 32.17% to 32.18%. This was through the acquisition of 30,000 shares by his wife, Puan Sri Datin Wong Bak Hee at an average price of S$0.52 apiece.

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet