Weekly: 8AZ, AIY, BN2, 42C & AVG lead Buybacks

Over the five sessions, more than 50 director interests and substantial shareholdings were filed for close to 30 primary-listed stocks. 

Directors or CEOs reported four acquisitions and no disposals, while substantial shareholders recorded five acquisitions and one disposal.

1. $Aztech Gbl(8AZ.SI)$

On 29 July, Aztech Global Executive Chairman and Chief Executive Officer Michael Mun Hong Yew acquired 100,000 shares at an average purchase price of S$0.715 per share.

Following the market purchase, Mr Mun's total interest in the company increased to 542.8 million shares, equivalent to 70.3% of Aztech Global's issued share capital. The share purchase came a day after Aztech Global reported first-half 2026 net profit of S$9.4 million on revenue of S$151.4 million and declared an interim dividend of S$0.005 per share.

2. $IFAST(AIY.SI)$

On 29 July, Lim Chung Chun, Chairman and Group Chief Executive Officer of iFAST Corporation, acquired 36,200 shares on the market for S$316,326, representing an average purchase price of S$8.74 per share. Following the acquisition, his total interest in the group increased to 60.1 million shares, equivalent to 19.6% of the company's issued shares.

The share purchase followed iFAST Corp's release of its second-quarter results on 24 July, which reported a 35.0% year-on-year increase in net profit to S$29.9 million and a 32.8% increase in assets under administration to a record S$36.1 billion.

3. $Valuetronics(BN2.SI)$

On 24 July, Lion Global Investors acquired 180,600 $Valuetronics(BN2.SI)$ shares at an average price of S$1.12 per share. The purchase increased Lion Global Investors' deemed interest from 19.70 million shares (4.83%) to 19.88 million shares (4.88%). The transaction also lifted the OCBC’s deemed interest from 4.98% to 5.02%, or 20.49 million shares, resulting in the OCBC emerging as a substantial shareholder.

4. $IX Biopharma(42C.SI)$

On 22 July, Lion Global Investors acquired 3.71 million iX Biopharma shares. The purchase increased Lion Global Investors' deemed interest from 49.54 million shares (4.54%) to 53.25 million shares (4.87%). The transaction also lifted the OCBC's deemed interest from 4.71% to 5.04%, or 55.15 million shares, resulting in the OCBC emerging as a substantial shareholder.

5. $Aedge Group(XVG.SI)$

Aedge Group has proposed a placement of 16.67 million new shares at S$0.21 per share to raise gross proceeds of approximately S$3.5 million. The new shares will account for approximately 9.3% of the enlarged share capital. Aedge's previous placement was in May 2025, when it issued 1.95 million new shares at S$0.26 per share to raise gross proceeds of S$507,000. 

Share Buybacks by Primary-listed Companies by way of Market Acquisition (July 24 to 30)

Number of Shares/Units Purchased 

Buyback Consideration (incl stamp duties & clearing charges) S$   

Avg price paid per share S$

SINGAPORE TELECOMMUNICATIONS 

4,711,100

20,719,582

4.40

KEPPEL 

200,000

2,322,719

11.61

THE HOUR GLASS 

427,800

1,177,195

2.75

RAFFLES MEDICAL GROUP 

1,000,000

890,563

0.89

RECLAIMS GLOBAL 

2,177,000

460,156

0.21

ADDVALUE TECHNOLOGIES 

2,720,600

405,296

0.15

VALUETRONICS HOLDINGS 

300,000

314,570

1.05

STAMFORD LAND CORPORATION 

369,000

181,334

0.49

CHUAN HUP HOLDINGS 

380,800

102,996

0.27

OXLEY HOLDINGS 

1,300,000

97,614

0.08

SINGAPORE SHIPPING CORPORATION 

100,000

29,529

0.30

KARIN TECHNOLOGY HLDGS 

41,000

10,895

0.27

Total

13,727,300

26,712,448

 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet