Weekly Inflows: Tuan Sing, ABR, NetLink, Wing Tai, LMS & Niks Professional directors raise stake
The five trading sessions saw more than 50 director interests and substantial shareholdings filed for close to 25 primary-listed stocks. Directors or CEOs filed 22 acquisitions, and four disposals, while substantial shareholders filed seven acquisitions and four disposals.
1. $Tuan Sing(T24.SI)$
Tuan Sing Holdings executive director and CEO William Liem and his sister, non-executive and non-independent director Michelle Liem Mei Fung, increased their deemed interest between Dec 5 and 11.
The acquired 4,137,300 shares were transacted at an average price of S$0.263 per share, which also saw Nuri Holdings (S) Pte Ltd increasing its substantial shareholding of Tuan Sing Holdings to above 54.00%. Both William Liem and Michelle Liem together hold 100% of the issued shares of Nuri Holdings (S) Pte Ltd.
2. $ABR(533.SI)$
On Dec 6, ABR Holdings Managing Director Ang Yee Lim acquired 114,000 shares at S$0.41 per share. This increased his direct interest in the homegrown restaurant operator from 53.59% to 53.65%.
His preceding acquisitions were between Nov 14, and 20, with 171,700 shares at S$0.40 per share and between Sep 27 and 30, when Mr Ang acquired 140,000 shares at S$0.417 per share. For the year, Mr Ang has gradually increased his interest from 52.12% at the end of 2023.
3. $NetLink NBN Tr(CJLU.SI)$
On Dec 6, NetLink NBN Management executive director and CEO, Tong Yew Heng, acquired 250,000 units of NetLink NBN Trust at S$0.855 per unit. This increased his direct interest in the business trust from 0.027% to 0.033%.
His preceding acquisition was on June 26, with 100,000 units acquired at S$0.825 per share, with the price-to-book ratio of NetLink trading around 1.3 at the time of both the acquisitions.
4. $Wing Tai(W05.SI)$
Wing Tai Holdings chairman and managing director Cheng Wai Keung has increased his deemed interest in the company through shares acquired by his spouse, Helen Chow.
On December 6, Mr. Cheng's deemed interest in the leading real estate developer and lifestyle retailer rose by 100,000 shares, from 61.63% to 61.64%.
5. $LMS Compliance(LMS.SI)$
Between Dec 9 and 10, LMS Compliance executive director and CEO, Ooi Shu Geok, and executive director and chief development officer, Chong Moi Me, increased their total interest in the Catalist-listed company from 83.83% to 84.01%. The 185,000 shares were acquired at an average price of S$0.352 per share.
On Dec 3, LMS Compliance announced through its subsidiary, My CO2 Group Sdn Bhd, a collaboration with the Malaysian Semiconductor Industry Association, Masverse Technologies Sdn Bhd, and CRIF Omesti Sdn Bhd to help Malaysian SMEs achieve ESG compliance and promote sustainability awareness.
6. $Niks Prof(NPL.SI)$
On Dec 5, Niks Professional president and chief medical officer Ong Fung Chin acquired 100,000 shares at an average price of S$0.132 per share.
This increased her total interest in the dermatology and aesthetic medical services provider from 81.90% to 82.00%.
Open a Cash Boost Account (CBA) today and unlock a trading limit of up to SGD 20,000! Enjoy the benefits of upcoming 0-commission, unlimited trading across Singapore, Hong Kong, and US stocks, as well as ETFs. Start trading smarter and more efficiently. Find out more here.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
