Weekly Inflows: Dyna-Mac, Zixin, Overseas Edu, Noel Gifts & Stamford Directors acquire stock

SGX_Stars
10-14 15:41

The five trading sessions saw less director interests and substantial shareholdings filed that the usual amount, with 50 filings for close to 30 primary-listed stocks. Directors or CEOs filed five acquisitions, and one disposal, while substantial shareholders filed eight acquisitions and nine disposals. 

1. $Dyna-Mac(NO4.SI)$

On Oct 7, Morgan Stanley & Co. International increased its direct interest in Dyna-Mac Holdings above the 6% threshold, from 5.45% to 6.23%.

The 9,059,800 shares were acquired by MSIP in a market transaction at an average price of S$0.569 per share. MSIP is a wholly owned UK-based broker-dealer of Morgan Stanley. The deemed interests of Mitsubishi UFJ Financial Group Inc are also impacted as it is holding more than 20% interest in shares of Morgan Stanley.

2. $Zixin(42W.SI)$

Thomas Clive Khoo has continued to increase his substantial shareholding in Zixin Group Holdings (“Zixin”), which is now above 9%.  

Mr Khoo emerged as a substantial shareholder on June 13, and subsequently increased his interest above the 6% threshold on Sep 25, above the 7% threshold on Sep 27 and above the 8% threshold on Sep 30. This has coincided with the share price of Zixin increasing from S$0.022 on Sep 25 to S$0.027 on Oct 10. 

3. $Overseas Edu(RQ1.SI)$

On Oct 4, Overseas Education Executive Director and CEO Irene Wong Lok Hiong, acquired 2,604,900 shares at S$0.20 per share, through WLH Private Limited.

This married deal increased her deemed interest from 32.96% to 33.59%. Her preceding acquisition was on July 3, with 1,049,482 shares also acquired at S$0.20 per share. 

4. $Noel Gifts Intl(543.SI)$

Between Oct 7 and 10, Noel Gifts International Managing Director Alfred Wong Siu Hong acquired 153,500 shares at an average price of S$0.36 per share.

With a consideration of S$55,260 this increased his total interest in the leading hampers, flowers, and gifts company from 47.00% to 47.15%. This followed his acquisition of 128,800 shares at S$0.36 per share on Sep 24, 163,500 shares at S$0.359 per share on Sep 16 and of 302,800 shares at S$0.356 per share between Sep 4 and 5. Mr Wong, the founder of Noel Gifts International, has been its Managing Director since its inception. 

5. $Stamford Land(H07.SI)$

Between Oct 2 and 3, Stamford Land Corporation Executive Chairman Ow Chio Kiat acquired 35,000 shares at S$0.375 per share.

This marginally increased Mr Ow’s total interest which stands at 46.02%. This followed his acquisition of 254,600 shares between Sep 25 and 30.  Stamford Land Corporation, Australia’s largest independent luxury hotel owner-operator, reported a 7% increase in core net profits for FY23/24 (ended Mar 31), while maintaining S$452 million in net cash. 

https://www.sgx.com/research-education/market-updates/20241014-substantial-shareholder-thomas-clive-khoo-takes-his

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