To The Moon

The five trading sessions saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs again filed 11 acquisitions and two disposals while substantial shareholders filed seven acquisitions and one disposal. Silchester takes ComfortDelGro stake above 7% 1.ComfortDelGro Corporation $ComfortDelGro(C52.SI)$ substantial shareholder Silchester International Investors increased its deemed interest in the company to above the 7.0% threshold on Jan 29. This follows the London-based investment management company increasing its deemed interest above the 6.0% threshold on Dec 1, and emerging as substantial shareholder of ComfortDelGro Corporation on Nov 7. 2.CosmoSteel Holdings On Jan 25, $CosmoSteel^(B9S.SI)$ CEO Jack Ong Tong Hai acquired 2.75 million shares at an average price of S$0.13 per share. With a consideration of S$360,938, this took his direct interest from 13.45% to 14.50%. Ong is responsible for steering the group’s corporate and business strategies as well as leading sales and marketing to major end-users and oil majors. He first joined the group in 1998. He has comprehensive, well-rounded experience and deep-seated knowledge of both the group and the steel industry, in particular, the group’s logistics and operations functions. 3.China Kunda Technology Holdings On Jan 25, $ChinaKundaTech(GU5.SI)$ executive chairman and CEO Cai Kaoqun increased his direct interest from 1.64% to 1.95%.The 1.28 million shares were acquired at an average price of S$0.013 per share. This increased his total interest in the Catalist-listed stock to 31.99% and followed his acquisition of 2.68 million shares at the same price between Jan 18 and 23. Cai is responsible for the overall strategic and business management of the group. 4.Union Steel Holdings Lian Bee Metal acquired 15,000 shares of $Union Steel(BLA.SI)$ on Jan 25, which increased its substantial shareholding from 5.6% to 5.64%. Lian Bee Metal’s direct interest in Union Steel crossed the 5.0% substantial shareholder threshold on Sep 4. Union Steel is a multi-business investment holding company, with three primary business drivers – metals, scaffolding and engineering. https://www.sgx.com/research-education/market-updates/20240205-silchester-takes-comfortdelgro-stake-above-7