Weekly Buybacks: Q & M Dental, CosmoSteel, APTT & Anchun Intl Professional directors raise stake
The five trading sessions spanning June 6 through to June 12 saw more than 80 director interests and substantial shareholdings filed for close to 30 primary-listed stocks. Directors or CEOs again filed 13 acquisitions, and no disposals, while substantial shareholders filed 12 acquisitions and one disposal.
1. $Q&M Dental(QC7.SI)$
Between June 10 and June 11, Q & M Dental Group (Singapore) non-independent executive director and group chief executive officer Ng Chin Siau increased his total interest from 54.25% to 54.92%. The 6,427,900 shares were acquired by Quan Min Holdings Pte Ltd at an average price of S$0.395 apiece. Since the end of April, Dr Ng has increased his total interest from 53.02%.
The recent spate of acquisitions has also coincided with the Group commencing a share buyback program on 8 May which has since seen 1,651,200 shares or 0.17% of the outstanding shares repurchased. These were the first share buybacks it had filed since November 2021.
2. $CosmoSteel^(B9S.SI)$
Between June 6 and 11, CosmoSteel Holdings executive director and CEO Jack Ong acquired 1 million shares at an average price of S$0.220 apiece, increasing his direct interest from 17% to 17.39%.
Together Mr Ong, with his brother Andy Ong and their father Ong Chin Sum collectively owned 24.45% of the company as of December 11, 2024. Filings show that Mr Ong has since increased his interest by 2.89%.
3. $Asian Pay Tv Tr(S7OU.SI)$
On June 10, Lu Fang-Ming, non-executive director, and vice-chair of the trustee-manager of Asian Pay Television Trust (APTT) acquired 400,000 units of the business trust for a consideration of S$33,600. At S$0.084 per unit, this increased his total interest in APTT from 1.23% to 1.25%. This followed his acquisitions of 263,600 shares at S$0.081 apiece in May and 319,400 units at S$0.077 apiece in April.
4. $Anchun Intl(BTX.SI)$
On June 9 , Ace Sense acquired 77,200 shares of Anchun International at an average price of S$0.377 apiece. This increased the deemed interest of Ms Xie Ming, Anchun’s non-independent non-executive chairman, from 23.41% to 23.57%. This followed the acquisition of 124,200 shares of Anchun International at S$0.318 apiece on March 3.
5. $Totm Tech(42F.SI)$
On June 9, Thomas Clive Khoo increased his substantial shareholding in TOTM Technologies above the 10% threshold, from 9.99% to 10.05%. The 814,300 shares were acquired at S$0.011 apiece. This followed his substantial shareholding crossing above 9% on May 30, and above 8% on February 21. He emerged as a substantial shareholder in September 2024.
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