Weekly Inflows: Hiap Hoe, Multi-Chem, Niks, ABR & ValueMax directors acquire stock
The five trading sessions saw more than 80 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 19 acquisitions, and 10 disposals, while substantial shareholders filed eight acquisitions and five disposals.
1. $Hiap Hoe(5JK.SI)$
On Aug 28, Hiap Hoe executive chairman Teo Ho Beng acquired 500,000 shares at an average price of S$0.575 per share.
With a consideration of S$287,500, this increased his total interest in the regional premium real estate group from 75.18% to 75.29%. His preceding acquisitions were between July 3 and 4, with 500,000 shares acquired at an average price of S$0.603 per share.
2. $Multi-Chem(AWZ.SI)$
Between August 22 and 28, Multi-Chem CEO Foo Suan Sai disposed of 171,200 shares at an average price of S$2.83. This decreased his total interest from 68.65% to 68.46%.
This followed disposals at a similar pace over the preceding two weeks at similar prices. Prior to the disposals, his previous transaction on the open market was an acquisition of 9,900 shares on June 13 at an average price of S$2.37 per share.
3. $Niks Prof(NPL.SI)$
Between August 23 and 27, Niks Professional President and Chief Medical Officer Ong Fung Chin acquired 388,600 shares at an average price of S$0.143 per share.
This increased her total interest in the family practice dermatology and aesthetic medical services provider from 81.40% to 81.70%. This also increased the deemed interests of Chairman and CEO Cheng Shoong Tat, who is the spouse of Dr Ong.
4. $ABR(533.SI)$
On Aug 22, ABR Holdings Managing Director Ang Yee Lim acquired 100,000 shares at an average price of S$0.449 per share.
This increased his direct interest in the homegrown restaurant operator from 52.20% to 52.25%. His preceding acquisition was in January with 175,300 shares acquired at S$0.476 per share.
5. $ValueMax(T6I.SI)$
Between Aug 23 and 27, ValueMax Group Executive Chairman Yeah Hiang Nam acquired 251,400 shares at S$0.45 per share.
This increased his total interest in the pawnbroking, moneylending, and retail and trading of gold and jewellery business, from 85.16% to 85.19%. This followed his acquisition of 928,300 shares at an average price of S$0.441 per share between Aug 14 and 19.
https://www.sgx.com/research-education/market-updates/20240902-hiap-hoe-chairman-teo-ho-beng-raises-his-interest
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