Weekly Inflows: Raffles Medical, Beng Kuang and Guocoland directors raise stakes

SGX_Stars
11-04

The four trading sessions saw 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 12 acquisitions and three disposals, while substantial shareholders filed 10 acquisitions and 11 disposals.

1. $Raffles Medical(BSL.SI)$

On Oct 29, Raffles Medical Group executive chairman Loo Choon Yong acquired 1.1 million shares at an average price of S$0.89 apiece. This increased his total interest from 55.3% to 55.36%.

Since February, Dr Loo has been gradually increasing his total interest in the stock from 53.02%. On Sep 26, he bought 470,000 shares at an average price of S$0.889 per share.

2. $Beng Kuang(BEZ.SI)$

On Oct 24, the Ginko-AGT Global Growth Fund reduced its substantial shareholding in Beng Kuang Marine from 7.13% to 5.58% by selling three million shares at an average price of S$0.251 per share.

Previously, on Jun 6, the fund had increased its stake in the group to more than 7%, acquiring shares at an average price of S$0.181 apiece.

3. $Zheneng Jinjiang(BWM.SI)$

Zheneng Jinjiang Environment bought back 350,000 shares at an average price of S$0.40 per share. This brings the total shares repurchased to 0.34% of its issued shares (excluding treasury shares) since the beginning of the current mandate.

4. $GuocoLand(F17.SI)$

Between Oct 23 and Oct 25, GuocoLand chairman and non-independent non-executive director Quek Leng Chan increased his deemed interest via acquisitions by Associated Land. The 65,400 shares were bought at an average price of S$1.58 apiece.

This followed the acquisition of 29,600 shares between Oct 21 and Oct 22 at S$1.59 per share, and 56,000 shares purchased at S$1.50 each on Jun 10.


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