UltraGreen.ai Lead ID Hsieh Fu Hua Acquires 180,000 Shares at US$1.39 Each

Hsieh Fu Hua, lead independent director of newly-listed UltraGreen.ai, purchased 180,000 shares from the open market on Dec 9 at US$1.39 per share.

Hsieh, a former CEO of SGX, previously held no shares in UltraGreen.ai, which were priced at US$1.45 each during its recent IPO.

UltraGreen.ai began trading on Dec 3, initially surging to US$1.62 before declining to a low of US$1.31 on Dec 8. The stock rebounded slightly to close at US$1.42 on Dec 9.

Meanwhile, Citibank, the listing manager, acquired 2.65 million shares on Dec 9 under its post-IPO stabilization mandate, paying between US$1.37 and US$1.42 per share.

On Dec 8, amid heightened selling pressure, Citibank purchased 6 million shares at prices ranging from US$1.31 to US$1.45 each.

Earlier, on Dec 4 and 5, Citibank bought 1.82 million and 5 million shares, respectively.

As of Dec 9, a total of 15.47 million shares had been acquired under the stabilization program, out of a maximum allotment of 20.69 million shares.

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.

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