Ho Bee chair ups stake; M&G becomes substantial unitholder in NetLink NBN Trust

sgx.com06-08

Over the four sessions through to the June 4 close, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. Singapore Telecommunications again led the buyback tally,...

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Singapore Telecommunications again led the buyback tally,...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20260608-ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder\">Source Link</a>\n\n</div>\n","source":"sgx_market_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ho Bee chair ups stake; M&G becomes substantial unitholder in NetLink NBN Trust</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHo Bee chair ups stake; M&G becomes substantial unitholder in NetLink NBN Trust\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-08 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sgx.com/research-education/market-updates/20260608-ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder><strong>sgx.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Over the four sessions through to the June 4 close, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. Singapore Telecommunications again led the buyback tally,...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20260608-ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://www.sgx.com/research-education/market-updates/20260608-ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder","article_id":"2642430562","we_media_id":null,"thumbnails":[],"rights":{"source":"sgx_market_highlight","url":"https://www.sgx.com/research-education/market-updates/20260608-ho-bee-chair-ups-stake-mg-becomes-substantial-unitholder","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2642430562","pubTimestamp":1780848000,"columns":[],"sourceInfo":{"source_id":"sgx_market_highlight","name":"SGX Research"},"weMediaInfo":null,"summary":"Over the four sessions through to the June 4 close, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. 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Singapore Telecommunications again led the buyback tally, with 13.3 million shares at an average price of S$4.33, purchased under the S$2 billion value realisation share buy-back programmeOver the five sessions, more than 80 director interests and substantial shareholdings were filed for over 40 primary-listed stocks. Directors or CEOs reported 17 acquisitions and four disposals, while substantial shareholders recorded seven acquisitions and three disposals. This included CEO or director acquisitions filed for Anchun International Holdings, Aspial Lifestyle, First Resources, Ho Bee Land, Hosen Group, Hyphens Pharma International, JustCo Holdings, King Wan Corporation, Leong Guan Holdings, Nam Cheong, Prospera Global, and Ultragreen.ai.As highlighted in the Business Times on June 4, Ginko‑AGT Global Growth Fund also became a substantial shareholder in Marco Polo Marine following an increase in its stake to 5.006 per cent on 2 JuneHo Bee Land: Deemed interest edges higher amid continued market accumulationAcross 28 and 29 May, Ho Bee Holdings acquired a combined 334,700 shares for total consideration of S$702,358, implying an average price of about S$2.10 per share. These on-market purchases increased executive chairman Chua Thian Poh’s deemed interest from 75.737 per cent to 75.788 per cent. The accumulation was executed via the controlling shareholder vehicle, which continues to account for the bulk of the deemed interest, alongside smaller holdings attributed to related entities and spouse.At the FY25 AGM on 29 April 2026, Ho Bee Land said it is focused on strengthening its portfolio to improve returns over the medium to long-term, which may involve asset enhancement initiatives that can impact short-term income but create long-term value, including plans to allow occupancy at 1 St Martin’s Le Grand to run down ahead of redevelopment and enhancement works at 67 Lombard Street. Management also indicated that the group continuously evaluates asset monetisation strategies for capital recycling, while seeking to balance shareholder returns with capital retention for growth and debt reduction, with a stated dividend payout range of 20 per cent to 50 per cent of profit excluding non-cash items. On the balance sheet, the group reported that total debt had reduced to S$2.5 billion, with net debt declining by about S$98 million over the year and net gearing improving to 0.61x.Aspial Lifestyle: Chairman adds to stake alongside note position reductionOn 2 June, non-executive chairman Koh Wee Seng acquired 500,000 shares via a market transaction for S$200,349, lifting his direct interest from 9.47 per cent to 9.50 per cent, with his total interest increasing from 74.99 per cent to 75.02 per cent. Separately, on 29 May, he disposed of S$500,000 in aggregate principal amount of 6.25 per cent notes due 2027 for S$504,500, reducing his direct debenture holdings from S$13.0 million to S$12.5 million. As part of Aspial Lifestyle’s S$84.8 million equity fund raising, a non-renounceable preferential offering of 61,709,489 new shares opened on 28 May 2026 and remains ongoing, with eligible shareholders entitled to subscribe or apply for excess shares during the acceptance period, which closes on 8 June 2026.Anchun International: Chairman’s deemed interest rises while executive trims stakeOn 2 June, chairman Xie Ming saw her deemed interest increase after the acquisition of 245,200 shares at an average price of about S$0.483 apiece, taking her deemed holdings from 11,247,300 shares (24.265 per cent) to 11,492,500 shares (24.795 per cent). On the same day, executive director Dai Fengyu disposed of 27,000 shares at S$0.490 apiece, reducing his deemed interest from 3,719,500 shares (8.02 per cent) to 3,692,500 shares (7.97 per cent). Both changes were via market transactions through their respective investment vehicles, with Xie Ming deemed interested via Ace Sense Holdings Limited and Dai Fengyu via Dawn Vitality International Limited. Anchun operates an integrated engineering model, spanning system design, equipment manufacturing and project management across ammonia and methanol applications. It’s FY25 annual report indicates its value formation reflects margin expansion and cost optimisation, supported by an integrated engineering model spanning design, manufacturing and project management, alongside a focus on sustainability for long-term growth.UltraGreen.ai: CEO acquires shares amid platform-based growthOn 29 May, chief executive officer Ravinder Sajwan acquired 78,800 shares via a market transaction for a total consideration of US$108,042.68, at an average price of about US$1.37 per share, resulting in a direct interest of 0.01 per cent alongside a deemed interest of 61.93 per cent prior to the transaction and 61.94 per cent after.The deemed interest arises through shareholdings held by entities including IR Investments LP and Renew Group Private Limited.UltraGreen.ai’s FY25 AGM materials state that the company integrates product, imaging systems and data capabilities, with growth supported by increasing adoption, procedural volumes and expansion into new markets and applications.Nam Cheong: CEO Stake Increase & 1QFY26 Earnings ReboundOn 29 May, Chief Executive Officer Leong Seng Keat acquired 100,000 shares at S$1.30 per share via a market transaction, increasing his total interest from 4.211 per cent to 4.236 per cent.On 15 May, Nam Cheong reported 1QFY26 PATMI increased 160 per cent from 1QFY25 to RM78.9 million, supported by vessel utilisation rising to 58 per cent and a vessel disposal gain, with revenue up 1 per cent to RM117.9 million and net gearing reduced to 0.17 times. With the results, Mr Leong highlighted that five new vessels are scheduled to join the fleet for the remainder of 2026, which is expected to enhance the revenue base, alongside the recognition of initial revenue streams from the shipbuilding segment in 2Q2026, as the Group balances fleet growth with capital discipline amid firm offshore demand.Leong Guan Holdings: Director increases direct interest through market purchasesBetween 29 May and 2 June, executive director Chua Lian Hock acquired 32,800 shares via market transactions for a total consideration of S$6,906, at an average price of about S$0.21 per share, which increased his direct interest from 3.66 per cent to 3.69 per cent and total interest from 38.07 per cent to 38.1 per cent.This followed a purchase of 39,300 shares on 6 May for S$7,467, at an average price of about S$0.19 per share, increasing his direct interest from 3.62 per cent to 3.66 per cent.Leong Guan Holdings is a Singapore-based food manufacturing and distribution group producing fresh noodle and soy-based products while also trading and supplying OEM food items, supported by a multi-channel distribution network spanning the HORECA segment, retail and e-commerce platforms.NetLink NBN Trust: M&G emerge as substantial unitholdersOn 29 May, M&G Investment Management Limited acquired 3,405,600 units via a market transaction at S$1.0032 per unit, increasing its deemed interest in NetLink NBN Trust from 194,765,100 units (4.99 per cent) to 198,170,700 units (5.09 per cent), thereby becoming a substantial unitholder. The deemed interest arises from its discretionary power over the units as investment manager, with corresponding interests also attributed to related entities including M&G FA Limited, M&G Group Limited and M&G Plc.NetLink NBN Trust’s FY26 presentation highlighted its resilient business model underpinned by recurring, predictable cash flows, long-term contracts and regulated revenues, with revenue increasing to S$413.4 million, while distribution per unit continued its steady growth to S$0.0542. Valuetronics: Amova accumulation, dividend reset & ICE shiftOn May 28, Amova Asset Management Asia Limited increased its deemed interest in Valuetronics following the acquisition of 1.03 million shares for about S$1.2 million, crossing the substantial shareholder reporting threshold, with the interest attributed through the ownership chain to Sumitomo Mitsui Trust Group.This builds on a defined accumulation trend, with Amova first becoming a substantial shareholder on March 25, followed by a further increase on April 20 as it crossed the next reporting threshold, indicating steady on-market positioning over a two-month period.The accumulation coincides with a reset in capital management, with Valuetronics revising its dividend policy to target an annual ordinary payout range of 50 to 70 per cent of net profit attributable to shareholders, alongside plans for special dividends and share buybacks over FY27–FY28, while maintaining a strong net cash position and continued operating cash generation.Operationally, the group continues to rebalance towards higher-margin Industrial and Commercial Electronics, supported by new customers in network access solutions and cooling solutions for high-performance computing environments, while phasing out legacy Consumer Electronics projects, with exit from lower-margin lifestyle products expected by end-FY26.UOB Kay Hian Research analyst John Cheong highlighted that the revised payout and capital management plan forms part of a broader programme to return HK$300 million to shareholders over two years through a combination of special dividends and share buybacks, representing a step-up from previous capital return initiatives. The research also noted the group’s net cash position of about HK$1.2 billion and pointed to improving earnings visibility and margin resilience as product mix shifts towards higher-margin Industrial and Commercial Electronics.Share Buybacks by Primary-listed Companies by way of Market Acquisition (May 29 to Jun 4) Number of Shares/Units Purchased Buyback Consideration (incl stamp duties & clearing charges) S$   Avg price paid per share S$SINGAPORE TELECOMMUNICATIONS 13,314,70057,669,6614.33SINGAPORE TECHNOLOGIES ENGINEERING 1,000,00011,108,91111.11UNITED OVERSEAS BANK 289,60011,102,66738.34KEPPEL 900,0009,773,22010.86SINGAPORE EXCHANGE 100,0002,161,47821.61THE HOUR GLASS 769,3002,013,1302.62HONG FOK CORPORATION 775,300763,1890.98PAN-UNITED CORPORATION 264,600398,8841.51ULTRAGREENAI 210,000361,7281.72MDR 7,631,100328,6380.04MICRO-MECHANICS (HOLDINGS) 73,700227,7143.09FRASER AND NEAVE 125,000180,2361.44OXLEY HOLDINGS 1,350,000108,5630.08KARIN TECHNOLOGY HLDGS 408,000103,7770.25INTRACO 182,70069,4420.38HOTUNG INVESTMENT HLDGS 33,30053,0841.59PACIFIC CENTURY REGIONAL DEVELOPMENTS 95,50043,3390.45HONG LAI HUAT GROUP 500,00041,1300.08A-SONIC AEROSPACE 46,00025,7310.56CREDIT BUREAU ASIA 20,00022,8481.14SARINE TECHNOLOGIES 30,0006,0040.20ST GROUP FOOD INDUSTRIES HOLDINGS 4,5005680.13Total28,123,30096,563,943 Inside Insights is a weekly column on The Business Times, read the original version.Enjoying this read?Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642430562","isCrawlerRequest":true}