Over the five sessions, more than 80 director interests and substantial shareholdings were filed for around 35 primary-listed stocks. Directors or CEOs reported five acquisitions and two disposals, while substantial shareholders recorded 12 acquisitions and four disposals. This included CEO or director acquisitions filed for Aspial Lifestyle, First Resources, Geo Energy Resources and Nera Telecommunications.
Azure Capital’s acquisition of 22,074,000 shares of Trek 2000 International under a share purchase agreement entered on 11 May was completed on 26 May, resulting in Azure Prime Fund VCC - Azure Singapore Equity Fund becoming a substantial shareholder with a deemed 7.3% interest.
1. $NamCheong(1MZ.SI)$
Ginko‑AGT Global Growth Fund increased its stake in Nam Cheong in May 2026 through on‑market acquisitions, raising its interest to 6.009% from 5.996%. This follows an earlier February transaction which lifted its holdings above the substantial shareholder threshold, from 4.999% to 5.062%.
2. $ComfortDelGro(C52.SI)$
Silchester International Investors LLP increased its deemed interest in ComfortDelGro Corporation through filings in May following continued on-market purchases, with disclosures triggered as its stake crossed the 8% and 9% thresholds.
On 8 May, it acquired 893,600 shares at an average price of S$1.4312, increasing its stake from 7.99% to 8.03%. This was followed by a further purchase of 1,935,800 shares on 21 May at an average price of S$1.2908, lifting its interest from 8.998% to 9.087%.
These purchases followed its re-entry above the 5% substantial shareholder threshold in January, with its stake subsequently moving above 6 per cent in February and 7% in March.
3. $Mooreast(1V3.SI)$
On May 28, Mooreast Holdings proposed a placement of up to 44.45 million new shares at S$0.135 per share to raise up to S$6.0 million. ZICO Capital is placement agent and Maybank Securities is sub-placement agent on a best‑efforts basis. The placement is intended to strengthen the group’s financial position and capital structure, supporting its ability to take on additional projects while improving balance sheet flexibility.
4. $TrickleStar(CYW.SI)$
TrickleStar completed its secondary placement on 22 May, issuing 79.1 million new shares at S$0.0306 per share, increasing its issued share capital to 237.3 million shares. PrimePartners was the placement agent. The placement was undertaken to efficiently strengthen the company’s capital base and financial flexibility, supporting business expansion, including potential mergers and acquisitions, alongside working capital requirements
5. $Aspial Lifestyle(5UF.SI)$
Aspial Lifestyle completed a S$60.0 million private placement at S$0.402 per share, with the offering over two times covered and supported by institutional investors including Eastspring Investments (Singapore) Limited, ICH Synergrowth Fund, JPMorgan Asset Management, Lion Global Investors Limited and Value Partners Hong Kong Limited. The placement forms part of a broader S$84.8 million equity fund raising, alongside a S$24.8 million preferential offering to existing shareholders.
6. $Koh Bros(K75.SI)$
Koh Brothers Eco Engineering submitted its application to transfer from Catalist to the SGX Mainboard on 26 May, extending the recent run of upgrades among mid-cap issuers.
The proposed transfer follows a cluster of completed moves over the past 12 months, including Oiltek International (6 June 2025), Ever Glory United Holdings (30 December 2025) and Ley Choon Group Holdings (23 March 2026) alongside the more recent May 2026 transfers of Aspial Lifestyle (4 May), MoneyMax Financial Services (6 May) and Choo Chiang Holdings (7 May).
Koh Brothers Eco Engineering is also the controlling shareholder of Oiltek International Limited, with a 68.14% stake.
7. $Frasers L&C Tr(BUOU.SI)$
Frasers Logistics & Commercial Trust (FLCT) has entered into agreements to acquire interests in four logistics and industrial properties – two in Germany and two in the Netherlands – for approximately €294.9 million (S$441.5 million). The assets are fully leased with a weighted average lease expiry (WALE) of 5.7 years and comprise around 179,645 square metres of gross lettable area.
The properties are located within established logistics clusters in Duisburg, Düsseldorf and Breda, with tenants including multinational corporations and third-party logistics providers, and exposure to e-commerce-related demand.
Following completion, portfolio occupancy is expected to increase from 96.1% to 96.3%, while the proportion of logistics and industrial assets will rise from 75.1%to 76.6%.
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