Weekly Buybacks: iFAST, Metro, Audience & Sinostar PEC Professional directors raise stake
Over the five trading sessions more than 110 director interests and substantial shareholdings were filed. Across more than 40 primary-listed stocks, Directors or CEOs reported 17 acquisitions and 12 disposals, while substantial shareholders recorded 11 acquisitions and seven disposals.
1. $Q&M Dental(QC7.SI)$
Between Aug 25 and 27, Quan Min Holdings Pte Ltd acquired 6,542,700 shares of Q & M Dental Group (Singapore) an average price at S$0.493 per share. This increased the total interest of non-independent executive director and group CEO Ng Chin Siau from 54.62% to 55.35%.
2. $IFAST(AIY.SI)$
On Aug 21, iFAST Corporation chairman and Group CEO Lim Chung Chun acquired 60,000 shares at an average price of S$8.29 per share. With a consideration of S$497,100, this increased his total interest in the global digital banking and wealth management platform from 19.76% to 19.78%. His previous acquisitions on the open market were back in May 2023.
3. $Metro(M01.SI)$
Between 20 Aug and 27 Aug, Non-Executive and Non-Independent Director Ong Sek Hian continued to acquire shares, increasing his total interest from 35.59% to 35.70%. The 952,600 shares were acquired at an average price of S$0.446 per share. This followed the 1,560,300 shares acquired at an average price of S$0.422 per share between Aug 13 and 19.
4. $Intraco(I06.SI)$
On Aug 22, Intraco executive chairman and director Mak Lye Mun acquired 273,200 shares at an average price of S$0.344. The married deal increased his direct interest from 3.20 per cent% to 3.46%. He gradually increased his interest from 0.71% at the end of 2023.
5. $Stamford Land(H07.SI)$
Between Aug 21 and 25, Stamford Land Corporation executive chairman Ow Chio Kiat increased hist total interest from 46.23% to 46.24%. He acquired 160,000 shares at an average price of S$0.42 apiece.
6. $Audience(1AZ.SI)$
On Aug 26 Chairman and Managing Director Datuk William Ng Yan Meng acquired 181,100 shares at an average price of S$0.273 per share. This increased his total interest in the Catalist-listed stock from 83.58% to 83.66%.
7. $Sinostar Pec(C9Q.SI)$
Between Aug 22 and 25, Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping acquired 100,000 shares at S$0.155 apiece. This marginally increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.61% to 69.62%. Since the end of 2019, he has raised his deemed interest from 57.80%, primarily through a rights issue earlier this year.
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