Director accumulation extends across established and newly listed counters
More than 70 director interests and substantial shareholdings were filed for over 30 primary-listed stocks
[SINGAPORE] Director and CEO activity remained active over the five sessions to Jun 25, with accumulation spanning both incremental stake increases and multiple on-market transactions. Companies including Soon Hock Enterprise recorded further increases to substantial shareholdings, while JustCo Holdings and UltraGreen.ai saw multiple market purchases over the period, reflecting continued management participation across both established and recently listed counters.
Over the five sessions, more than 70 director interests and substantial shareholdings were filed for over 30 primary-listed stocks. Directors or CEOs reported 21 acquisitions and five disposals, while substantial shareholders recorded six acquisitions and two disposals. This included CEO or director acquisitions filed for Aspial Lifestyle , Duty Free International , JustCo Holdings , KIN Global , Marco Polo Marine , Nera Telecommunications , Singapore Shipping Corporation , Soon Hock Enterprise Holding, Stamford Land Corporation , The Assembly Place Holdings , and Ultragreen.ai .
Over the five sessions through to the Jun 25 close, 28 primary-listed companies also conducted buybacks with a total consideration of S$79 million. Singtel again led the buyback tally, with 8.8 million shares at an average price of S$4.34, purchased under the S$2 billion value realisation share buy-back programme.
Soon Hock Enterprise: Executive chairman extends majority control
Between Jun 23 and 25, executive chairman Tan Yeow Khoon, who has over 50 years of experience in the logistics and transportation management industry, acquired a total of 2,033,000 shares via market transactions for a combined consideration of S$1,313,869, increasing his direct interest to 73.32 per cent from 72.69 per cent. His deemed interest of 1.24 per cent remained unchanged, arising from shares held by his spouse.
Aspial Lifestyle: Chairman builds stake following fund raising
Between Jun 19 and 25, non-executive chairman Koh Wee Seng acquired a total of 1,850,000 shares via market transactions for a combined consideration of S$650,596, increasing his direct interest to 9.88 per cent from 9.86 per cent.
His deemed interest of 65.72 per cent remained unchanged. On Jun 16, the company issued 61,709,489 preferential offering shares at an issue price of S$0.402 per share. Aspial Lifestyle operates an integrated jewellery retail and asset-backed lending platform, spanning pawnbroking, secured lending and the sale of jewellery and gold products.
On May 4, Aspial Lifestyle launched an equity fund raising approximately S$84.8 million, with private placement shares listed on May 25 and preferential offering shares listed on Jun 17, following an offering period from May 28 to Jun 8.
UltraGreen.ai: CEO steps up buying momentum
Between Jun 23 and 24, CEO Ravinder Sajwan acquired a total of 390,405 shares via market transactions for a combined consideration of US$525,549, increasing his direct interest to 0.04 per cent from 0.01 per cent.
His deemed interest of 61.97 per cent remained unchanged. The deemed interest arises through shareholdings held by entities including IR Investments LP and Renew Group.
UltraGreen.ai has also continued to buy back shares on both the USD and SGD counter this week.
JustCo Holdings: CEO accumulates across June trades
On Jun 23, executive chairman and CEO Kong Wan Sing acquired 300,000 shares via a market transaction for a total consideration of S$162,000, at an average price of S$0.54 per share, resulting in a direct interest of 0.25 per cent, up from 0.19 per cent prior to the transaction. Between Jun 3 and 10, he acquired 600,000 shares, at an average price of S$0.67 per share.
He also holds a deemed interest of 18.33 per cent, unchanged from before the transaction. The deemed interest arises through shareholdings held by his spouse and Sing Long Investments. The Singapore-based flexible workspace provider operates a network of technology-enabled coworking and office solutions across major Asia-Pacific cities, serving startups, small and medium-sized enterprises, and multinational corporations.
The Assembly Place: CEO and director add to positions
Between Jun 19 and 23, executive director and CEO Eugene Lim Yingjie, who oversees the group’s operations, corporate strategy and asset management, acquired 100,000 shares via a market transaction for a consideration of S$22,600, maintaining his direct interest at 25 per cent.
On Jun 23, lead independent director Lim Wah Fong, who has more than 20 years of capital markets experience, acquired 88,800 shares via a market transaction for a consideration of S$19,980, increasing his direct interest to 0.05 per cent from 0.03 per cent.
Ow Chio Kiat: Raises exposure across Stamford Land and SSC
Between Jun 17 and 22, executive chairman Ow Chio Kiat acquired shares in both Stamford Land Corporation and Singapore Shipping Corporation via market transactions. He acquired 246,100 shares in Stamford Land Corporation at an average price of approximately S$0.48 per share, increasing his direct interest to 42.29 per cent from 42.27 per cent prior to the transactions.
Over the same period, he acquired 125,000 shares in Singapore Shipping Corporation at an average price of approximately S$0.30 per share, increasing his direct interest to 41.74 per cent from 41.71 per cent. His deemed interests in both companies remained unchanged following the transactions.
Marco Polo Marine: CEO builds position amid strategic pivot
On Jun 19, CEO Sean Lee Yun Feng acquired 400,000 shares via a market transaction for a total consideration of S$56,000, at an average price of S$0.14 per share, resulting in a direct interest of 0.36 per cent, up from 0.35 per cent prior to the transaction. He also holds a deemed interest of 4.25 per cent, unchanged from before the transaction.
On May 15, a Maybank Research report noted the group is pivoting towards offshore wind operations in Taiwan, positioning itself to capture expanding regional demand for renewable marine services, while its planned shipyard reverse takeover provides a separate listed platform to scale the higher-growth shipbuilding segment and access funding more efficiently.
KIN Global: CEO deepens interest post-listing
On Jun 19, executive director and CEO Vincent Chai, who has over 20 years of experience in events and experience creation, acquired 50,000 shares via a market transaction for a consideration of S$10,450, increasing his direct interest to 17.39 per cent from 17.36 per cent.
KIN Global is a Singapore-based sports events management and experiential design group, delivering end-to-end event delivery and management services, as well as design and build solutions for sports infrastructure, attractions and large-scale experiential projects.
Lum Chang Creations: Placement aligns directors with growth cycle
Lum Chang Creations has entered into a placement agreement on Jun 18 for up to 35 million shares at S$0.759, with the company raising up to S$11.4 million alongside secondary sell-downs by existing shareholders.
The exercise follows a period of strong operating momentum, with 9M FY2026 (ended Mar 31) revenue reaching S$71.9 million and order book standing at approximately S$144 million as at Apr 30, up from S$132 million on Dec 31.
The placement is structured to broaden shareholder spread and support the proposed mainboard transition. It is part of a broader set of corporate actions, including vendor sell-downs and a bonus issue to expand public float and enhance liquidity, while funding acquisitions, partnerships and regional expansion, reinforcing a strategy centred on scaling operations and deepening investor access.
Concurrent with the placement announcement on Jun 18, directors including Yap Lay Hoon, Lim Ho Heng, and Clarence Yeo disclosed participation in the exercise. Yeo was allocated 500,000 shares (S$379,500); Yap Lay Hoon, 68,900 shares (S$52,295); and Lim Ho Heng, 10,000 shares (S$7,590), all acquired from existing shareholders as part of the placement.
The group also reported a 104 per cent increase in first-half FY2026 net profit, and has received in-principle approval for a Catalist-to-mainboard transfer, alongside its inclusion in the MSCI Global Micro Cap Indices – Singapore Index on Feb 27. In May, Tickrs noted the shift towards margin-led earnings, with profitability increasingly underpinned by higher-value fit-out contributions
The writer is the market strategist at Singapore Exchange (SGX). To read SGX’s market research reports, visit sgx.com/research.
