Weekly: Raffles Medical, Centurion, QAF, Tai Sin, & Beng Kuang directors see Huge Acquisitions

Over the five sessions, close to 80 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or CEOs reported 16 acquisitions and one disposal, while substantial shareholders recorded five acquisitions and one disposal.

This included CEO or director acquisitions filed for BRC Asia, Centurion Accommodation REIT, Centurion Corporation, Geo Energy Resources, IFS Capital, Megachem, Nera Telecommunications, QAF, Raffles Medical Group, Sunmoon Food Company, and Tai Sin Electric.

1. $Raffles Medical(BSL.SI)$

On March 9, Raffles Medical Group Executive and Non-Independent Director Sarah Lu Qinghui increased her deemed interest by 100,000 shares at an average price of S$0.99 per share. Dr Lu maintains a 3.43% total interest in the Group and has been on the Board since February 2018.

2. $Centurion(OU8.SI)$

Executive Director and Joint Chairman David Loh Kim Kang and Non-Executive Director and Joint Chairman Han Seng Juan continued increased their interests. On March 9, Mr Loh acquired 200,000 shares at an average price of S$1.39 apiece.

This increased his total interest from 60.00% to 60.02%, following an increase from 59.82% over the preceding five sessions. Between March 9 and March 12, Mr Han acquired 764,800 shares at an average price of S$1.40, increasing his total interest from 55.90% to 55.99%.

3. $QAF(Q01.SI)$

On March 9, QAF joint group managing director and executive director Lin Kejian acquired 69,500 shares, increasing his total interest to 39.50% from 39.51%. The shares were acquired at an average price of S$0.96 apiece.

4. $Tai Sin Electric(500.SI)$

Between March 6 and 10, Tai Sin Electric executive director and CEO Bernard Lim Boon Hock acquired 170,700 shares at S$0.51 per share. This increased his total interest in the industrial group from 18.23% to 18.27%. Mr Lim has gradually increased his total interest in the company from 14.82% at the end of 2019.

5. $Beng Kuang(BEZ.SI)$

Beng Kuang Marine completed a placement of new shares on March 10, with the share listed on March 11, following its initial announcements on February 26. Under the placement, the company allotted and issued 15,625,000 new ordinary shares at an issue price of S$0.32 per share, raising gross proceeds of approximately S$5.0 million.

Following the issuance, the company’s issued share capital increased by approximately 7.5%.

6. $Serial Achieva(XHV.SI)$

Catalist-listed Serial Achieva is a distributor of consumer and enterprise IT products with operations in Malaysia and Thailand, partnering brands such as MSI, Intel, Gigabyte, AMD and ViewSonic to offer products ranging from desktop CPUs and motherboards to VGA cards and gaming laptops.

The Group has entered into a share subscription agreement with UFCT Technology Cor for the issuance of 21.0 million new ordinary shares at a subscription price of S$0.22 per share, raising approximately S$4.6 million in gross proceeds. The subscription price represents a 21.55% premium to the volume‑weighted average price of the shares on 10 March 2026.

Following completion, the new shares will represent approximately 11.01% of the enlarged issued share capital. Net proceeds are intended to be used for loan repayment (40%) and working capital (60%).

7. $Lendlease Reit(JYEU.SI)$

On March 10, Lendlease Global Commercial REIT has despatched the Instruction Booklet and Application and Review on to entitled unitholders in connection with its underwritten, non‑renounceable preferential offering to raise S$196.6 million, marking the formal commencement of the offering and enabling unitholders to accept their provisional allotments and apply for excess new units by March 18.

The preferential offering will be used to fund a 30% acquisition in PLQ Mall and repay debt at the Lendlease REIT level, with the combined transaction expected to be DPU‑accretive while keeping pro forma aggregate leverage at around 38%.

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