Weekly Buybacks: Bonvests, PropNex, CSLC, Wing Tai & DCRU Professional directors raise stake
The five trading sessions spanning May 30 through to June 6 saw more than 80 director interests and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or CEOs again filed 13 acquisitions, and no disposals, while substantial shareholders filed 11 acquisitions and five disposals.
1. $Q&M Dental(QC7.SI)$
Between May 30 and June 3, Q & M Dental Group (Singapore) non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 53.92% to 54.23%. The 2,812,300 shares were acquired by Quan Min Holdings Pte Ltd at an average price of S$0.355 apiece. Since the end of April, Dr Ng has increased his total interest from 53.02%.
2. $Singtel(Z74.SI)$
On June 5, Singapore Telecommunications Independent Non-executive Director Yong Ying-I acquired 150,000 shares at an average price of S$3.87 per share. This increased her direct interest to 210,000 shares.
3. $Uni-Asia Grp(CHJ.SI)$
On May 30, Uni-Asia Group executive director and CEO Masahiro Iwabuchi acquired 454,300 shares at an average price of S$0.78 per share. With a consideration of S$356,171 this increased Mr Iwabuchi’s direct interest in the company from 0.82% to 1.40%.
4. $DigiCore Reit USD(DCRU.SI)$
On May 28, Digital Core Management Pte Ltd Lead Independent Non-Executive Director John Herbert acquired 250,000 units of Digital Core REIT at US$0.495 per unit. This was his first acquisition on the open market since joining the board in November 2021.
5. $Bonvests(B28.SI)$
On May 30, Bonvests Holdings executive chairman Henry Ngo acquired 227,000 shares at an average price of S$0.90 per share. The acquisitions were made through Allsland, which is wholly owned by Mr Ngo.
This increases his total interest in Bonvests Holdings from 84.75% to 84.80%. His preceding acquisition was in November 2024 with 101,000 shares acquired at the same price. Mr Ngo has gradually increased his total interest in the group from 82.93% in August 2018.
6. $PropNex(OYY.SI)$
On May 30, PropNex executive director and deputy CEO Kelvin Fong Keng Seong acquired 31,000 shares at an average price of S$1.01 per share. His deemed interest is 10.26%. His preceding acquisitions were in April, with 86,000 shares acquired at an average price of S$1.01 apiece.
7. $Wing Tai(W05.SI)$
Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to raise his deemed interest in the company from 61.84% to 61.85%, through 100,000 shares bought by his spouse, Helen Chow.
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