Weekly Buybacks: Hong Lai Huat, LY, Info-Tech Systems & SunMoon Professional directors raise stake
Over the five trading sessions leading up to Jul 10, a total of 70 director interests and substantial shareholdings were filed. Across 30 primary-listed stocks, directors or CEOs reported 14 acquisitions and three disposals, while substantial shareholders recorded six acquisitions and eight disposals.
1. $Hong Lai Huat(CTO.SI)$
On Jul 8, Hong Lai Huat group executive deputy chairman and group CEO Ong Bee Huat acquired 3,999,000 shares at S$0.042 apiece. This increased his total interest from 43.30% to 44.07%.
Responsible for the group’s overall strategic direction and planning as well as business development, his previous acquisition was a married deal with five million shares acquired at S$0.04 apiece back in May 2024.
2. $LY Corp(1H8.SI)$
On Jul 4, LY Corporation executive director Tan Kwee Chai acquired 401,100 shares at S$0.046 apiece. This increased his total interest in the manufacturer and exporter of wooden bedroom furniture from 73.41% to 73.49%. His preceding acquisitions were in December 2023 at S$0.04 apiece.
Tan is also a founder of the group, has over 40 years of experience in furniture manufacturing and design and continues to lead its strategic direction and operations, playing a pivotal role in its expansion and sustained growth.
3. $SingShipping(S19.SI)$
Between Jul 3 and 8, Singapore Shipping Corporation executive chairman Ow Chio Kiat acquired 161,100 shares at an average price of S$0.275. This increased his total interest from 43.74% to 43.77%. Ow has been gradually increasing his interest from 42.97% in May 2024.
4. $SunMoonFood(AAJ.SI)$
Between Jul 4 and 10, SunMoon Food Company executive director and CEO Zhang Ye acquired 487,600 shares. This increased his total interest from 52.31% to 52.37%. Zhang has gradually increased his total interest from 51.57% since the group reported its FY2025 (ended Mar 31) results on May 27.
5. $Info-Tech(ITS.SI)$
Info-Tech Systems : ITS +1.7% officially listed on Jul 4, with Setin Subramanian Dilip Babu – executive director, CEO, and controlling shareholder – at the helm.
Holding a direct stake of 41.42%, Babu has been instrumental in shaping the company’s evolution into a leading provider of HR and accounting solutions.
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