Weekly: CNMC, Goodwill, CAREIT & PC Partner directors see Huge Acquisitions
Over the five sessions, We saw 23 primary-listed companies conduct buybacks with a total consideration of S$39 million, a similar pace to the previous week.
1. $CNMC Goldmine(5TP.SI)$
CNMC Goldmine Holdings CEO Chris Lim's deemed interest in the company increased from 26.405% to 26.535% following on-market purchases of 536,400 shares by executive chairman Professor Lin Xiang Xiong on 11 and 12 June at S$1.1277 and S$1.15 per share respectively. Lim's deemed interest stems from his family's controlling stake in the gold producer, with his parents, Professor Lin and Tan Swee Ngin, owning Innovation (China) Limited, which holds 106.99 million CNMC shares.
2. $Goodwill(GEH.SI)$
GEHL Vice Chairman and Non-Executive Director Thang Teck Jong increased his direct interest in the company from 0.29% to 0.54%. He acquired an aggregate 1.00 million shares across two on-market transactions on 6 and 8 July at an average price of S$0.154 per share, for a total consideration of S$154,667.
His total interest in the company increased from 19.29% to 19.54%. His deemed interest arises through his 90% stake in Mengkim Holdings Pte Ltd, which holds 75.10 million GEHL shares, while his spouse, Ms Kong Ling Ting, holds the remaining 10%.
3. $Cent Accom REIT(8C8U.SI)$
Global real estate investment manager Cohen & Steers has become a substantial unitholder of Centurion Accommodation REIT (CAREIT) after increasing its deemed interest from 4.995% to 5.004% through an on-market acquisition of 154,000 units on 2 July. The purchase lifted its deemed holding to 86.3 million units, crossing Singapore's 5% substantial unitholder disclosure threshold.
4. $PC Partner(PCT.SI)$
LC Capital Management Pte Ltd increased its deemed interest in PC Partner Group from 8.98% to 9.02% following the acquisition of 141,500 shares on 6 July at an average price of S$2.765 per share. The latest purchase extends a series of acquisitions that saw the fund manager become a substantial shareholder on 1 April, before subsequently increasing its interest above the 6 per cent, 7% and 8% thresholds on 20 April, 7 May and 10 June, respectively.
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