Weekly Inflows: CNMC, Travelite, Noel Gifts and LMS Compliance directors raise stakes
The five trading sessions saw less director interests and substantial shareholdings filed than the usual quota, with 45 filings for just over 20 primary-listed stocks. Directors or CEOs filed 10 acquisitions, and no disposals, while substantial shareholders filed six acquisitions and five disposals.
1. $CNMC Goldmine(5TP.SI)$
On Oct 16, CNMC Goldmine Holdings Executive Chairman Lin Xiang Xiong acquired 2 million shares in a married deal at S$0.18 per share. This increased his direct interest from 0.72% to 1.21%, bringing his total interest to 27.61%.
He is also the founder of CNMC Goldmine and father of CEO and Executive Director Chris Lim Kuoh Yang. Professor Lin formulates the Group’s strategic plans and policies, oversees daily mining operations, and seeks sustainable business development and expansion as needed. As CEO, Mr Lim is responsible for implementing the strategic plans and policies as well as managing the mining operations of the Group.
2. $Travelite(BCZ.SI)$
On Oct 11, Travelite Holdings Executive Chairman Thang Teck Jong acquired 965,000 shares at S$0.15 per share. This increased his total interest from 60.66% to 61.68%. Mr Thang formulates the Group’s strategic directions and expansion plans. As the founder, he has been instrumental in the growth and development of the Group since its inception in 1986.
3. $Noel Gifts Intl(543.SI)$
On Oct 11, Noel Gifts International Managing Director Alfred Wong Siu Hong acquired 62,100 shares at an average price of S$0.37 per share. With a consideration of S$22,667 this increased his total interest from 47.15% to 47.21%.
This followed his acquisition of 153,500 shares between Oct 7 and 10, and 128,800 shares at on Sep 24, 163,500 shares on Sep 16 and 302,800 shares between Sep 4 and 5. Mr Wong, the founder of Noel Gifts International, has been its Managing Director since its inception.
4. $LMS Compliance(LMS.SI)$
Between Oct 9 and 10, executive director and CEO, Ooi Shu Geok, and executive director and chief development officer, Chong Moi Me increased their deemed interests, with 170,000 shares acquired at an average price of S$0.365 per share.
This increased the aggregate deemed interest of executive director and CEO, Ooi Shu Geok, and executive director and chief development officer, Chong Moi Me, in the Catalist-listed company from 83.67% to 83.83%. Both Dr Ooi and Chong are deemed interested in all the shares of the company held by Louis May and Fitcorp Value.
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