Weekly Inflows: Sembcorp, GuocoLand and TOTM directors raise stakes
For a second consecutive week, fewer director interests and substantial shareholdings were filed than the usual quota, with 40 filings for less than 20 primary-listed stocks.
Directors or CEOs filed seven acquisitions, and two disposals, while substantial shareholders filed seven acquisitions and six disposals.
1. $SEMBCORP INDUSTRIES LTD(U96.SI)$
On Oct 16, Sembcorp Industries’ subsidiary, Sembcorp Financial Services, priced S$350 million 3.65% certified rate guaranteed notes due 2036 under its S$5 billion Euro Medium Term Note (EMTN) Programme Series 001 Notes.
The offering was nearly four times oversubscribed, attracting strong demand from a diverse group of high-quality fixed income investors, including global insurance companies, asset managers and banks.
The net proceeds from the notes will be used to finance or refinance new or existing eligible green projects, as defined in the Sembcorp Green Financing Framework (2024). This framework, updated effective Oct 1, also references the Green Bond Principles and Green Loan Principles, and outlines criteria for Green Finance Transactions, including green bonds, loans and revolving credit facilities.
2. $GuocoLand(F17.SI)$
Between Oct 21 and 22, GuocoLand chairman and non-independent non-executive director Quek Leng Chan increased his deemed interest, with a purchase in the open market by Associated Land Sendirian Berhad. The shares were acquired at S$1.59 per share. His preceding acquisition was on Jun 10, with 56,000 shares acquired at S$1.50 per share.
Quek maintains a 71.86% deemed interest in the leading real estate group that offers comprehensive capabilities across the entire real estate value chain, including planning and design, property investment, development, management, and asset management.
3. $Totm Tech(42F.SI)$
On Oct 22, TOTM Technologies substantial shareholder Thomas Clive Khoo increased his direct interest in the Catalist-listed company to 6%.
The 1.7 million shares were acquired at an average price of S$0.034 per share. Khoo emerged as a substantial shareholder of TOTM Technologies seven weeks ago on Sep 6.
Also on Oct 22, executive director and CEO Irawan Mulyadi acquired 350,000 shares at S$0.035 per share, increasing his total interest in the provider of end-to-end identity management and biometrics products from 1.75% to 1.77%.
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