Weekly Inflows: Marco Polo Marine, Union Steel, Wing Tai & Singtel directors raise stake
Over the five trading sessions from Nov 29 to Dec 5, More than 50 director interests and substantial shareholdings were filed for over 25 primary-listed stocks.
Directors or chief executive officers filed 12 acquisitions and no disposals, while substantial shareholders filed three acquisitions and no disposals.
1. $MarcoPolo Marine(5LY.SI)$
On Dec 4, Marco Polo Marine executive director and CEO Sean Lee acquired two million shares at S$0.053 per share. This increased his total interest from 4.72% to 4.78%.
On Dec 2, Marco Polo Marine non-executive director Darren Teo acquired 800,000 shares at S$0.052 apiece. This increased his direct interest from 0.17% to 0.19%.
He also holds deemed interest through Apricot Capital, which holds a total of 607,142,857 of the shares in Marco Polo Marine. Teo indirectly owns 20% of the issued and paid-up share capital of the company. His preceding acquisition was a year ago, with one million shares acquired at S$0.049 per share on Dec 1, 2023.
2. $UnionSteel(ZB9.SI)$
On Dec 2, Union Steel executive director Ang Yew Chye acquired 63,800 shares at an average price of S$0.624 per share.
This increased his total interest in the metals, scaffolding, and engineering company from 12.03% to 12.08%. His preceding acquisition of 30,000 shares at S$0.685 apiece was on Jul 16. Ang is a co-founder of the group and an executive director since August 2004.
Lian Bee Metal has also increased its direct interest in Union Steel this year from 5.44% to 6.52% as at Oct 7.
3. $Wing Tai(W05.SI)$
Wing Tai chairman and managing director Cheng Wai Keung has continued to build his deemed interest in the company through his spouse Helen Chow.
Between Dec 2 and Dec 5, Cheng increased his deemed interest in the leading real estate developer and lifestyle retailer by 400,000 shares, raising his total interest from 61.58% to 61.63%.
4. $Singtel(Z74.SI)$
On Nov 27, Singtel’s independent non-executive director Yong Ying-I acquired 20,000 shares at S$3.01 per share. Her preceding acquisition was on Feb 26, with 10,000 shares acquired at S$2.33 per share.
Yong, who has been on the Singtel board since November 2022, holds several prominent positions. She is the chairman of the Central Provident Fund Board and senior adviser to the Smart Nation and Digital Economy – Research Innovation Enterprise at the Smart Nation and Digital Government Office in the Prime Minister’s Office. She also serves as chairman of SGInnovate and Cyber Youth Singapore.
5. $Hosen(5EV.SI)$
Between Dec 3 and Dec 4, Hosen Group executive director and CEO Daniel Lim acquired 1,774,600 shares at S$0.04 per share.
With a consideration of S$70,313, this increased his direct interest in the leading importer, exporter and distributor of fast-moving consumer goods from 2.18% to 2.72%.
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