Weekly Inflows: Wilmar, Raffles, UMS, JB Foods & China Sunsine chairmen continue buying spree
In the five trading sessions, almost 90 changes to director interests and substantial shareholdings were filed for nearly 50 primary-listed stocks. Directors or chief executive officers filed 22 acquisitions and three disposals; substantial shareholders filed 10 acquisitions and seven disposals.
Wilmar and Raffles Medical chairmen continue buying spree
1. $Wilmar Intl(F34.SI)$
Between May 9 and 16, Wilmar International chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 4,041,000 shares. This increased his total interest from 13.85% to 13.91%.
HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 1,010,250 shares at an average price of S$3.16 per share. Kuok has been gradually increasing his total interest in Wilmar from 12.94% in October 2022.
2. $Raffles Medical(BSL.SI)$
Between May 9 and 15, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.6 million shares at an average price of S$1.03 per share. This raised his total interest from 53.95% to 54.09%. Since late February, Dr Loo has been gradually increasing his total stake in the group from 53.02%.
3. $UtdHampshReitUSD(ODBU.SI)$
On May 15, United Hampshire US Reit Management CEO Gerard Yuen Wei Yi acquired 100,000 units of United Hampshire US Reit (UHReit) at US$0.425 per unit. This increased his direct interest from 0.07% to 0.09%.
4. $UMS(558.SI)$
On May 13, UMS Holdings executive director Stanley Loh Meng Chong acquired 250,000 shares at an average price of S$1.15 per share. With a consideration of S$288,000, this increased his direct interest from 0.10% to 0.13%.
5. $JB Foods(BEW.SI)$
Between May 10 and 14, JB Foods executive director Goh Lee Beng bought 108,000 shares at S$0.50 per share. With a consideration of S$53,491, the acquisition increased her total interest in the provider of premium cocoa ingredient products from 47.62% to 47.66%.
Goh had gradually raised her total interest in JB Foods from 47.37% in mid-December.
6. $Centurion(OU8.SI)$
On May 10, Centurion Corporation CEO Kong Chee Min acquired 75,000 shares at an average price of S$0.498 per share.This increased his direct interest from 0.03% to 0.04%.
His preceding acquisition was on Mar 1, with 72,000 shares bought at an average price of S$0.425 per share.
7. $ChinaSunsine(QES.SI)$
On May 14, China Sunsine Chemical Holdings independent director Koh Choon Kong purchased 50,000 shares at S$0.39 per share. He maintains a 0.89% deemed interest in the rubber chemicals enterprise.
His preceding acquisition was back in May 2023, with 20,000 shares bought at S$0.415 per share.
https://www.sgx.com/research-education/market-updates/20240520-wilmar-and-raffles-medical-chairmen-continue-buying
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- AfraSimon·05-20👏LikeReport