Weekly: F1E, BFT, QAF, XMH, JEP, ASTI & 5WJ directors see Huge Acquisitions

Over the five sessions, more than 50 director interests and substantial shareholdings were filed. Across more than 30 primary-listed stocks, Directors or CEOs reported 11 acquisitions and three disposals, while substantial shareholders recorded six acquisitions and seven disposals.

1. $Low Keng Huat(F1E.SI)$

On January 14, Asdew Acquisitions acquired 43,542,000 shares of Low Keng Huat (Singapore) at an average price of S$0.773 apiece. This saw Alan Wang Yu Huei and Asdew Acquisitions become a substantial shareholder of Low Keng Huat (Singapore) with a 7.29% interest. Consistent Record also raised its offer price on Low Keng Huat from S$0.72 a share to S$0.78 last week.

2. $Lincotrade(BFT.SI)$

Between January 12 and 13, Lincotrade & Associates Holdings substantial shareholder and chief operating officer Tan Chee Khoon increased his direct interest from 15.92% to 16.75%. The 1,505,300 shares were acquired at S$0.21 apiece. He has gradually increased his direct interest from 13.21% in October 2022.

3. $QAF(Q01.SI)$

QAF Holdings Joint group managing director and executive director Lin Kejian has filed a series of acquisitions from January 7 to January 13, increasing his total interest from 39.25% to 39.44%. The shares were acquired at an average price of S$0.92 apiece.

4. $XMH(BQF.SI)$

Between Jan 7 and 13, XMH Holdings chairman and managing director Tan Tin Yeow acquired 515,000 shares at an average price of S$1.50. This increased his direct interest to 64.72%, from 65.19%. This followed his acquisition of shares between January 5 and 6.

5. $JEP(1J4.SI)$

Between January 13 and 14, JEP Holdings executive chairman and chief executive officer Andy Luong acquired 384,600 shares at an average price of S$0.275 per share.

This took his total interest in the Catalist-listed provider of precision machining and engineering services from 79.55% to 79.64%. Mr Luong holds 14.04% of the issued share capital of UMS Holdings, which in turn holds 79.55% of the issued share capital of the company.

6. $ASTI(575.SI)$

ASTI Holdings has remained focused on rebuilding its financial position following the substantial losses recorded in the last financial year. It announced on January 9 that it has entered into a Placement Agreement with SAC Capital for the proposed placement of up to 128 million new ordinary shares at an issue price of S$0.025 per share.

The Placement Shares represent approximately 19.55% of the existing issued and paid‑up share capital of the Company comprising 654,731,486 shares in issue and will represent approximately 16.35%t of the enlarged number of issued Shares upon completion of the Proposed Placement.

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

MoneyMax Financial Services (MoneyMax) a leading financial services provider and trader of luxury products in Southeast Asia, announced on January 14 that it has made an application to the SGX-ST to transfer its listing from Catalist to the Mainboard.

Since its Catalist listing in 2013, the Group has delivered sustained growth, a strong operating track record and increasing scale, achieving an average annualised total return of 13%. Price gains in 2025 significantly boosted long‑term returns, while average daily turnover surged nine‑fold over the year, while its P/E ratio almost doubled to 9x.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.