Singapore share buybacks total S$20 million as chairmen add stakes
UOB accounted for S$8.1 million of repurchases, while directors and chief executives reported 29 acquisitions and one disposal.
Share repurchases by 20 primary-listed companies in Singapore amounted to S$20 million during October 16–22, half the previous week’s pace. UOB spent S$8.1 million, the largest amount, followed by ST Engineering at S$5.1 million.
More than 70 disclosures covering directors’ interests and substantial shareholdings were filed across 40 primary-listed stocks during the five trading sessions. Directors and chief executives recorded 29 acquisitions against one disposal; substantial shareholders reported 10 acquisitions and three disposals.
At Centurion Corporation, non-executive director and joint chairman Han Seng Juan bought 608,300 shares for S$765,325 between October 15 and 20. His total interest rose from 44.43 per cent to 44.5 per cent. Fellow joint chairman and executive director David Loh purchased 200,000 shares on October 20 at S$1.2483 each, taking his total interest from 48.34 per cent to 48.37 per cent.
GuocoLand chairman Quek Leng Chan’s deemed interest increased from 71.94 per cent to 71.96 per cent following an October 14 purchase by GuoLine Group Management Company. It acquired 316,500 shares for S$705,795, equivalent to S$2.23 each.
Frencken Group chairman Gooi Soon Chai paid S$218,000 for 100,000 shares on October 20. The purchase lifted his direct holding from 1.71 per cent to 1.74 per cent, while his total interest reached 21.53 per cent from 21.5 per cent.
Huationg Global executive director and CEO Patrick Ng acquired 402,500 shares for S$192,625 between October 14 and 20. His direct interest increased from 7.94 per cent to 8.23 per cent, and his total interest rose from 72.81 per cent to 73.1 per cent.
