To The Moon

Over the four sessions through to the 7 May close, 16 primary-listed companies conducted buybacks with a total consideration of S$16.1 million. At the same time, more than 90 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or CEOs reported 12 acquisitions and 13 disposals, while substantial shareholders recorded 10 acquisitions and two disposals. 1. $Avi-Tech Hldg(1R6.SI)$ On 6 May, Avi-Tech Holdings shares were transacted through a married deal in which Global Wave Venture acquired 51,142,766 shares, representing 29.9% of the company, from founder Lim Eng Hong and his related parties for total consideration of S$17.0 million. This marked a shift in control at the listed entity and in

Acquisition activity among Singapore REITs (S-REITs) has picked up this year, signalling a measured return to growth as financing conditions stabilise. Over the first four months of the year, S-REITs announced 11 acquisition transactions with a total value exceeding S$6.3 billion, already accounting for more than 70% of the total acquisition value recorded in the whole of 2025. By comparison, only six acquisitions were announced over the same period last year, while full-year 2025 saw 21 transactions amounting to roughly S$8.8 billion. The faster pace this year reflects improving access to capital and greater investor confidence, particularly for acquisitions that enhance portfolio quality and offer clearer earnings visibility. Much of the acquisition momentum has been driven by larger REI