To The Moon

The five trading sessions had close to 100 changes to director interests and substantial shareholdings filed for 40 primary-listed stocks. Directors or CEOs filed 20 acquisitions and five disposals, while substantial shareholders filed 14 acquisitions and four disposals.

Plato Capital chairman Lim Kian Onn boosts his stake

1.JEP Holdings

UMS Holdings acquired 7.3 million shares in $JEP(1J4.SI)$ representing 1.77% of the company from Andy Luong, who serves as chairman and CEO of both companies.

This means Luong no longer maintains a direct interest in JEP Holdings. His deemed interest is 78.84%, given that he holds 14.9% of the issued share capital of UMS Holdings, which in turn maintains the 78.84% direct interest in JEP Holdings.

2.Plato Capital

On Apr 12,  $PlatoCapital(YYN.SI)$ chairman and non-executive non-independent director Lim Kian Onn acquired 283,000 shares at an average price of S$2.21 per share. With a consideration of S$625,430, the married deal increased his deemed interest in the Catalist-listed investment group from 79.81% to 82.14%.

Lim founded the Libra Capital Group in 1994 and co-founded the ECM Libra Group in 2002. The holding company ECM Libra Group is listed on the Main Market of Bursa Malaysia. He launched a conditional mandatory takeover of ECM Libra Group in May 2022. However, the offer did not receive adequate acceptance to fulfil the acceptance conditions.

3.Hai Leck Holdings

On Apr 11,  $Hai Leck(BLH.SI)$ executive chairman and CEO Cheng Buck Poh acquired 302,900 shares at S$0.38 per share. This increased his total interest in the provider of project and maintenance services to the oil and gas and petrochemical industries from 88.8% to 88.94%. This comprises a 51.02% direct interest and a 37.92% deemed interest.  

The deemed interest stems from his 31.68% shareholdings in Cheng Capital Holdings. His previous trade on Dec 12 saw a more significant tranche of 8.9 million shares acquired, also at S$0.38 per share, representing 3.93% of the outstanding shares. He has gradually built his total interest in the stock over the past seven years from 83.48%.

4.LHT Holdings

Between Apr 17 and 18,  $LHT(BEI.SI)$ managing director Yap Mui Kee acquired 103,800 shares at an average price of S$1.11 per share. With a consideration of S$114,836, this took her direct interest in the home-grown pallet manufacturer from 16.72% to 16.92%.

Yap has gradually increased her direct interest in LHT Holdings from 14.12% in August 2021. She has overseen the sales and marketing functions of the group for more than 35 years and is responsible for exploring new markets for the company, and aligning the company’s research and development efforts for new products based on market needs.

5.GSH Corporation

Between Apr 11 and 16,  $GSH(BDX.SI)$ executive chairman Sam Goi Seng Hui acquired 1,233,700 shares at S$0.165 per share, taking his total interest in the South-east Asia property developer from 63.70% to 63.76%.

In H2 FY2023 (ended Dec 31), GSH Corporation launched a soft opening of its first greenfield luxury hotel development in China. The group noted that New World Chongqing Hotel is well on track to launch officially in the second quarter of FY 2024.

6.International Cement Group

$Intl Cement(KUO.SI)$ executive director Chng Beng Hua acquired 3,022,700 shares for a consideration of S$55,021 on Apr 9. At an average price S$0.018 per share, this increased his total interest in the leading procurer of cement from 0.39% to 0.44%.

https://www.sgx.com/research-education/market-updates/20240422-plato-capital-chairman-lim-kian-onn-boosts-his-stake