Weekly Inflows: Hiap Hoe, Centurion, Zico & Accrelist directors acquire stock
In the five trading sessions, 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 14 acquisitions, and no disposals, while substantial shareholders filed eight acquisitions and three disposals.
1. $Hiap Hoe(5JK.SI)$
Between Jul 3 and 4, Hiap Hoe executive chairman Teo Ho Beng acquired 500,000 shares at an average price of S$0.603 per share. With a consideration of S$301,250, this increased his total interest in the regional premium real estate group from 75.07% to 75.18%.
Teo has been gradually increasing his total interest from 74.86% in early June. He has more than 42 years of experience in the construction and property industries, and over 27 years of experience in the leisure industry.
2. $Centurion(OU8.SI)$
On Jul 4, Centurion Corp CEO Kong Chee Min acquired 115,000 shares, at an average price of S$0.59 cents per share. This increased his direct interest in the global provider of specialised accommodation from 0.04% to 0.06%.
His preceding acquisitions were on May 10, with 75,000 shares acquired at an average price of S$0.498 per share, and Mar 1 with 72,000 shares acquired at an average price of S$0.425 per share. The rally in the share price has seen the price-to-book ratio of the stock increase from 0.4 times at the end of 2023 to 0.6 times the previous week.
3. $ZICO Hldgs(40W.SI)$
On Jul 4, Zico Holdings group CEO Ng Hock Heng acquired 1,791,000 shares at S$0.04 per share. With a consideration of S$77,246, this increased his direct interest in the Catalist-listed stock from 2.97% to 3.41%.
His preceding acquisition was on Mar 12, with 1,050,198 shares acquired at S$0.04 per share. Ng has been the executive director at Zico Holdings since 2014 and was appointed as the group CEO in May 2023, as part of the company’s planned leadership transition.
4. $Accrelist Ltd(QZG.SI)$
Between Jul 4 and 10, Accrelist executive chairman and managing director Terence Tea Yeok Kian acquired 633,600 shares at an average price of S$0.05 per share. With a consideration of S$31,708, this increased his total interest in the Catalist-listed company from 26.18% to 26.38%.
Dr Tea has gradually increased his total interest from 23.13% at the end of 2023. He is tasked with guiding the group’s expansion and strategic direction by identifying and fostering new business opportunities.
https://www.sgx.com/research-education/market-updates/20240715-centurion-ceo-kong-chee-min-adds-interest-s059-share
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