Weekly: Banyan Tree, Ho Bee Land, Audience, Accrelist, ACMA & King Wan directors raise stake

Over the three and half trading days, more than 40 director interests and substantial shareholdings were filed. Across more than 20 primary-listed stocks, Directors or CEOs reported eight acquisitions and one disposal, while substantial shareholders recorded three acquisitions and two disposals.

1. $Banyan Tree(B58.SI)$

On Dec 23, Far East Organization subsidiary Goodview Properties increased its substantial shareholding in Banyan Tree Holdings to 7.14% from 6.93%. It acquired 1,825,800 shares at S$0.615 apiece.  

Its interest in Banyan Tree first crossed the 5% threshold in August 2021, when shares of the hospitality company were trading at around S$0.31 – roughly half their current price, and crossed above the 6.00% threshold on Nov 14.

2. $Ho Bee Land(H13.SI)$

On Dec 30, Ng Noi Hinoy, the spouse of Ho Bee Land executive chairman Chua Thian Poh, acquired 100,000 shares at an average price of S$2.20 per share. This increased Dr Chua’s deemed interest in Ho Bee Land to 75.72% from 75.70%. Her previous acquisition was on Oct 17 with 120,000 shares acquired at S$2.17 per share.

3. $Audience(1AZ.SI)$

Between Dec 22 and 23, Audience Analytics chairman and managing director William Ng acquired 170,000 shares, increasing his total interest to 83.87% from 83.80%. This followed the acquisition of 201,1000 shares in the Catalist-listed company between Nov 6 and 7. Since Aug 26, he has increased his interest in the Catalist-listed stock from 83.58%.

4. $Accrelist Ltd(QZG.SI)$

Between Dec 26 and 31, Accrelist executive chairman and managing director Terence Tea Yeok Kian acquired 100,000 shares at S$0.048 per share. This increased total interest in the Catalist-listed company from 29.65% to 29.68%. Since Accrelist reported its 1HFY26 (ended Sep 30) results on Nov 14, Dr Tea has increased his total interest from 27.90%.

5. $Acma(AYV.SI)$

On Dec 30, ACMA proposed to place up to 8,478,199 new ordinary shares at S$0.04 each, raising about S$339,128. The shares will be allotted to four private investors: Cui Wenyan, Peng Zhen, He Yuanxiang, and Lu Shansong, who have no prior connection to the company.

The issue price was at a 29% premium to the previous day’s market price, and the placement represents about 20% of the existing share capital. The placement is not underwritten, and no placement agent or commission is involved.

6. $King Wan(554.SI)$

Back on Dec 17, King Wan Corporation entered into a subscription agreement to place 70 million new ordinary shares at S$0.05 each, raising S$3.5 million. If approved, the shares will be allotted to three subscribers: Sek Ann Thong, Yap Bau Tan, and Christopher Tan Seck Chun.

After placement, the company’s issued share capital would increase to 768,353,740 shares, thus the placement shares represent about 10% of the existing share capital. The issue price was at a 3.85% discount to the previous day’s market price. King Wan Corporation noted that the placement would not be underwritten, and no placement agent was appointed. 

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