Weekly Buybacks: Ho Bee Land, Wing Tai, Federal Int, & Samudera Professional directors raise stake
The four trading sessions spanning May 9 through to May 15 saw close to 60 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs again filed 11 acquisitions, and one disposal, while substantial shareholders filed six acquisitions and three disposals.
1. $Ho Bee Land(H13.SI)$
Between May 14 and 15, Ng Noi Hinoy, the spouse of Ho Bee Land executive chairman Chua Thian Poh, acquired 143,500 shares for a consideration of S$248,981. At S$1.74 per share, this increased Dr Chua’s deemed interest in Ho Bee Land, from 75.60% to 75.63%.
2. $Wing Tai(W05.SI)$
Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to raise his deemed interest in the company through shares bought by his spouse, Helen Chow. Between May 9 and May 15, Cheng’s deemed interest in the real estate developer and lifestyle retailer rose by 230,000 shares, from 61.69% to 61.72%.
3. $Federal Int(BDU.SI)$
On May 9 Federal International (2000) substantial shareholder Yafin Tandiono Tan acquired 1,178,300 shares at an average price of S$0.17 apiece. This increased Mr Tan’s direct interest from 11.24% to 12.08%.
4. $SamuderaShipping(S56.SI)$
Between May 8 and 14, Samudera Shipping Line executive director and CEO Bani Maulana Mulia acquired 99,600 shares at an average price of S$0.80 apiece. This increased his direct interest from 0.65% to 0.67%. His preceding acquisition was in September 2022, with 53,200 shares acquired at S$0.94 a share.
5. $IFS Capital(I49.SI)$
Between May 9 and 14, IFS Capital executive director and group CEO Randy Sim Cheng Leong acquired 708,000 shares at an average price of S$0.13 per share. This increased his direct interest in the provider of financing, insurance and asset management services, from 1.24% to 1.43%.
6. $MarcoPolo Marine(5LY.SI)$
On May 13, Marco Polo Marine non-executive director Darren Teo bought one million shares at S$0.044 apiece. This increased his direct interest in the integrated marine logistics group from 0.26% to 0.29%.
7. $Far East Orchard(O10.SI)$
On May 15, Far East Orchard chair and non-executive director Koh Kah Sek acquired 20,000 shares at an average price of S$1.04 apiece. Her direct interest is 0.03%.
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