Weekly Buybacks: Cosmosteel, Hyphens Pharma & SunMoon Professional directors raise stake
The four trading sessions spanning June 13 through to June 18 saw a bit of a pause in director interests and substantial shareholdings filings. With less than 40 filings, for 20 primary-listed stocks, Directors or CEOs again filed six acquisitions, and two disposals, while substantial shareholders filed one acquisition and two disposals.
1. $CosmoSteel^(B9S.SI)$
On June 13, CosmoSteel Holdings executive director and CEO Jack Ong acquired 2 million shares at an average price of S$0.220 apiece, further increasing his direct interest from 17.39% to 18.15%.
On May 15, Evolve Capital Advisory, on behalf of 3HA Capital, announced a voluntary conditional cash offer for all issued and paid-up ordinary shares of CosmoSteel Holdings at S$0.20 apiece. The Offer has drawn scrutiny from the Ong Family, who have requested clarifications. Mr Ong has also increased his direct interest from 14.50% prior to the development.
2. $SunMoonFood(AAJ.SI)$
Between June 13 and 18, SunMoon Food Company Executive Director and CEO Zhang Ye acquired 3,099,100 shares at S$0.16 apiece. This increased his total interest from 51.77% to 52.12%.
Mr Zhang has gradually increased his total interest from 51.57% since the Group reported its FY24/25 (ended Mar 31) results on May 27. Mr Zhang was appointed CEO and Executive Director in December 2018.
3. $Hyphens Pharma(1J5.SI)$
On June 16, Hyphens Pharma International Non-Executive Director Tan Kia King acquired 33,600 shares at S$0.30 apiece. This incremented Dr Tan’s total interest from 28.13% to 28.14%. The open market purchase follows his acquisition of 100,000 shares in May and 88,000 shares in April, with both transactions at S$0.285 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：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
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.
