Weekly Inflows: UOL, Raffles Medical & LMS directors acquire stock
The five trading sessions saw around 100 director interests and substantial shareholdings filed for close to 50 primary-listed stocks. Directors or chief executives filed 19 acquisitions, and no disposals, while substantial shareholders filed 11 acquisitions and nine disposals.
UOL chairman Wee Ee Lim builds on his stake
1. $UOL(U14.SI)$
Between Jun 27 and 28, Wee Investments acquired 426,700 shares of UOL Group at an average price of S$5.20 per share. With a consideration of S$2.2 million, this increased the deemed interests of UOL Group chairman Wee Ee Lim and director Wee Ee-chao.
This has brought the total interest of Wee Ee Lim from 15.74% to 15.79%.
The preceding acquisition of UOL Group shares by Wee Investments via a market transaction was back in March 2023 with 300,000 shares bought at S$6.74 per share.
2. $Raffles Medical(BSL.SI)$
On Jun 27, Raffles Medical Group executive chairman Loo Choon Yong acquired 800,000 shares at an average price of S$0.98 per share. This increased his total interest from 54.90% to 54.94%.
Since, late February, Dr Loo has been gradually increasing his total interest in the stock from 53.02%.
3. $LMS Compliance(LMS.SI)$
Between July 2 and July 3, Louis May Pte Ltd acquired 261,000 shares of LMS Compliance at an average price of S$0.36 per share. This increased the aggregate deemed interest of executive director and CEO, Dr Ooi Shu Geok, and executive director and chief development officer, Chong Moi Me, from 83.21% to 83.50%.
Both Dr Ooi and Chong are deemed interested in the Catalist-listed company shares held by Louis May and Fitcorp Value.
https://www.sgx.com/research-education/market-updates/20240708-uol-chairman-wee-ee-lim-builds-interest
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