Weekly | C41, 1L2, 5UF, H07, 1MZ, 53W & FHH lead Buybacks
Over the five sessions through to 1 October, more than 80 director interests and substantial shareholdings were filed for close to 40 primary-listed stocks. Directors or CEOs reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five disposals.
In addition, the five sessions saw 26 primary-listed companies conduct buybacks with a total consideration of S$47.8 million, led by United Overseas Bank, Keppel and Singapore Telecommunications.
1. $Cortina(C41.SI)$
Cortina Completes S$55 Million Equal Access Buyback
On 2 October, Cortina Holdings filed a daily share buyback notice confirming the purchase of 13,246,273 shares under its off-market equal access offer for a total consideration of S$54.97 million, or S$4.15 per share. The shares represented 8% of the company’s issued share capital and were retained as treasury shares, reducing the number of issued shares excluding treasury shares to 152,332,142.
The offer was announced on 1 September, when Cortina shares last traded at S$3.87. Shareholders were entitled to tender up to 8% of their holdings, with the company purchasing the full maximum of 13,246,273 shares permitted under the offer.
2. $Hiap Seng Ind(1L2.SI)$
Chandra Asri Trading Raises Hiap Seng Stake to 16%
On 29 September, Chandra Asri Trading Company acquired 250.63 million shares in Hiap Seng Industries through an off-market transaction for S$2.76 million, or S$0.011 per share. The acquisition increased its direct interest to 16.18% from 11.01% previously. The shares represented Tian Yuan's remaining stake in Hiap Seng Industries, with the transaction resulting in Tian Yuan ceasing to be a substantial shareholder.
3. $Aspial Lifestyle(5UF.SI)$
Aspial Lifestyle Chairman Extends Stake Building
Between 25 September and 30 September, Koh Wee Seng, Chairman and Non-Executive Director of Aspial Lifestyle, acquired an aggregate 2.1 million shares on-market for S$715,000, at an average price of approximately S$0.34 per share. The purchases increased his direct interest to 10.18% from 10.08% previously, while his total interest increased to 75.85% from 75.80%.
4. $Stamford Land(H07.SI)$
Stamford Land Executive Chairman Adds Shares and Receives Scrip Dividend
Between 23 September and 29 September, Ow Chio Kiat, Executive Chairman of Stamford Land Corporation, acquired an aggregate 1,113,800 shares on-market for S$523,486, at an average price of S$0.47 per share. Separately, on 28 September, he received 7,309,227 shares in place of the cash entitlement for the FY26 final dividend and acquired a deemed interest in a further 646,353 scrip shares. Following these transactions, his direct interest stood at 43.06%, while his total interest increased to 46.82% from 46.53% before the first market purchase.
5. $NamCheong(1MZ.SI)$
Nam Cheong Executive Chairman Further Increases Deemed Interest
Between 24 September and 30 September, Tan Sri Datuk Tiong Su Kouk, Executive Chairman of Nam Cheong, increased his deemed interest in an aggregate 200,000 shares through on-market transactions for S$197,500, at an average price of S$0.988 per share. The acquisitions increased his deemed interest to 6.81% from 6.76% previously, while his total interest increased to 24.09% from 24.04%. His direct interest remained unchanged at 17.27%.
6. $Attika Group(53W.SI)$
Attika Executive Chairman Adds to Position
Between 24 September and 30 September, Steven Tan, Executive Chairman and Managing Director of Attika Group, acquired an aggregate 429,400 shares on-market for S$90,516, at an average price of approximately S$0.211 per share. The purchases increased his direct interest to 74.5% from 74.3% previously.
During 1HFY26, Attika Group acquired two properties for an aggregate S$4.3 million. The property at Venture Drive is used as the group’s site office, while the property at Gemini @ Sims is expected to become its showroom after the existing tenancy expires in November 2026. The group also completed a one-for-one bonus issue and repurchased 1.12 million shares for S$439,000 under its share buyback mandate.
7. $FoundationHealth(FHH.SI)$
Foundation Healthcare CEO Adds to Stake
On 25 September, Liaw Yit Ming, Executive Director and Chief Executive Officer of Foundation Healthcare Holdings, acquired 22,500 shares on-market for S$13,050, or S$0.58 per share. The purchase increased his direct interest from 31,291,608 shares to 31,314,108 shares, with his percentage interest remaining at 2.36%.
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