Aspial Lifestyle, Mi Material and Wilmar directors raise stakes
Company directors and chief executives reported 21 acquisitions and five disposals across five trading sessions, while institutions were net sellers.
Directors at Aspial Lifestyle, Mi Material and Wilmar International increased their shareholdings, according to filings covering transactions between Oct 30 and Nov 4. The purchases came as Singapore-listed companies recorded S$11.1 million in share buybacks over the five sessions ending Nov 5.
Aspial Lifestyle chairman and non-executive director Koh Wee Seng spent S$562,800 buying 1.95 million shares between Oct 30 and Nov 3. He paid an average S$0.289 per share. His direct stake reached 10.63 per cent, against 10.53 per cent before the purchases, while his total interest increased from 76.2 per cent to 76.3 per cent.
Mi Material’s non-independent non-executive chairman, Oh Kuang Eng, bought 274,268 shares for S$420,780 across Oct 30 and Nov 4, averaging S$1.53 each. His direct holding increased from 1.63 per cent to 1.69 per cent. The initial purchase came two days after the precision solder spheres manufacturer began trading on the SGX mainboard.
At Wilmar, non-executive and independent director George Yeo purchased 100,000 shares on Nov 4, paying S$297,000 at S$2.97 each. His direct holding rose from 906,500 shares, or 0.015 per cent, to 1,006,500 shares, or 0.016 per cent.
Across the five sessions from Oct 30 to Nov 5, nearly 40 primary-listed stocks accounted for close to 80 filings on directors’ interests and substantial shareholdings. Institutions recorded net outflows of S$140.9 million, while 19 companies bought back shares.
