To The Moon

Over the five sessions, more than 70 director interests and substantial shareholdings were filed for around 40 primary-listed stocks.

Directors or CEOs reported eight acquisitions and four disposals, while substantial shareholders recorded 10 acquisitions and nine disposals. This included CEO or director acquisitions filed for Hyphens Pharma International, JEP Holdings, Nera Telecommunications, Ultragreen.ai and XMH Holdings.

1. $JEP(1J4.SI)$

On April 22, JEP Holdings executive chairman and CEO Andy Luong acquired 588,000 shares of the Catalist-listed provider of precision machining and engineering services at S$0.38 per share. 

This took his direct interest from 0.18% to 0.32%. Mr Luong also holds 14.04% of the issued share capital of UMS Integration, which in turn holds 79.55% of the issued share capital of JEP Holdings. This brings his total interest in JEP Holdings, to 79.87%.

2. $XMH(BQF.SI)$

On April 17, XMH Holdings chairman and managing director Tan Tin Yeow acquired 37,000 shares at S$2.01 apiece. This lifted his direct interest from 65.37% to 65.40%. Mr Tan’s interest has increased from 41% in August 2018. He has served as Managing Director since 1991 and was appointed Chairman and Managing Director in September 2016.

3. $OKP(5CF.SI)$

OKP Holdings stock is among the cohort of Small to Mid-cap Stocks in Singapore that have seen significant increase in average daily turnover which for 2026 through to April 24 has been S$1.06 million a day as compared to S$213,000 for the same period in 2025. OKP Holdings’ market capitalisation is around S$420 million, and as of December 31, 2025, the Group maintained net tangible assets of S$237.6 million.

On 21 April, Ginko AGT Global Growth Fund became a substantial shareholder of OKP Holdings, increasing its direct interest from 3.54% to 6.51% through a married deal. The 16 million shares were acquired at an average price of S$0.735 per share. This corresponded with Or Kim Peow Investments Pte Ltd filing a married‑deal disposal of 16 million shares.

4. $Valuetronics(BN2.SI)$

On April 20, Amova Asset Management Asia Limited increased its deemed interest in Valuetronics Holdings from 5.89% to 6.11%, crossing the 6 per cent threshold, after first becoming a substantial shareholder on March 25.

5. $MoneyMax Fin(5WJ.SI)$

On April 16, MoneyMax Financial Services entered into a placement agreement for up to 53.0 million new shares at S$0.835 per share, raising gross proceeds of up to S$44.3 million, with CGS International Securities Singapore, DBS Bank and OCBC acting as joint bookrunners. 

The placement represents approximately 6.0% of the Company’s existing issued share capital and is undertaken primarily to meet the minimum public shareholding requirement for its proposed transfer from Catalist to the Main Board, following shareholder approval on March 19, while also enlarging the capital base and strengthening the balance sheet.

6. $CapLand IntCom T(C38U.SI)$

CapitaLand Integrated Commercial Trust (CICT) launched a fully underwritten private placement on April 20, with the book closed the same day and results announced on 21 April. Citigroup Global Markets Singapore, DBS, JP Morgan, OCBC and UOB acted as joint bookrunners and underwriters. Strong demand led to an upsizing of the deal. CICT raised approximately S$750 million through the issuance of 326.1 million new units at S$2.30 each. The placement was around 4.8 times covered.

The proceeds are intended primarily to part‑finance CICT’s proposed acquisition of Paragon, a freehold integrated development on Orchard Road, with a small portion allocated to transaction costs, with the manager framing the deal as strengthening CICT’s prime retail exposure while remaining distribution‑accretive with sustainable pro‑forma leverage. 

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