To The Moon

Over the five sessions, more than 130 director interests and substantial shareholdings were filed for more than 50 primary-listed stocks.

Directors or CEOs reported 25 acquisitions and five disposals, while substantial shareholders recorded nine acquisitions and 10 disposals. This included CEO or director acquisitions filed for ASTI Holdings, Avi‑Tech Holdings, CapitaLand China Trust, Centurion Corporation, Duty Free International, Far East Orchard, Hyphens Pharma International, IFS Capital, Megachem, Nam Cheong, and Raffles Medical Group.

On March 4, Silchester International Investors also increased their interest in ComfortDelGro Corporation from 6.86% to 7.05%, following the acquisition of 4 million shares at an average price of S$1.46 each. This followed Silchester re-establishing itself as a substantial shareholder on January 21, then lifting its deemed interest above 6% on February 2.

1. $Centurion(OU8.SI)$

On February 27, Centurion Corporation Chief Executive Officer Kong Chee Min acquired 50,000 shares at S$1.55 apiece. This increased his direct interest from 0.056% to 0.062%. Mr Kong has served as CEO since August 2011 and oversees group operations, strategy execution, and the Board’s long‑term growth agenda.

Executive Director and Joint Chairman David Loh Kim Kang and Non-Executive Director and Joint Chairman Han Seng Juan also increased their interests. Between February 27 and March 3, Mr Loh acquired 1.5 million shares at S$1.53 apiece. This increased his total interest from 59.82% to 60.00%. Mr Han acquired 600,000 shares at an average price of S$1.44, increasing his total interest from 55.83% to 55.90%. 

2. $Raffles Medical(BSL.SI)$

On March 4, Raffles Medical Group executive chairman Loo Choon Yong acquired 1.8 million shares at an average price of S$1.01 per share. This increased his total interest from 56.17% to 56.27%. The week prior Raffles Medical Group reported 13.4% growth in FY2025 PATMI to S$70.6 million, supported by resilient hospital services performance and improved insurance profitability.

3. $NamCheong(1MZ.SI)$

Between March 2 and 4, Nam Cheong CEO Leong Seng Keat increased his total interest from 3.95% to 4.05% following the acquisition of 400,000 shares at an average price of S$1.42 each. 

4. $Geo Energy Res(RE4.SI)$

On March 4, Geo Energy Resources entered into a best‑endeavours placement agreement with KGI Securities (Singapore) to place up to 35.0 million new shares at a price of S$0.425 per share, raising gross proceeds of up to S$14.9 million (with net proceeds of approximately S$14.3 million after expenses).

The placement price represents 7a 4.5% discount to the volume‑weighted average price prior to the trading halt, and the transaction is not underwritten, with the new shares accounting for about 2.0% of enlarged share capital if fully issued. Proceeds will be used entirely for working capital, with the stated rationale being to strengthen the group’s capital structure, enhance financial flexibility, and broaden its shareholder base.

5. $Aoxin Q & M(1D4.SI)$

On March 1, Aoxin Q & M Dental Group entered into placement agreements to issue up to 113.0 million new shares at S$0.1566 per share, raising gross proceeds of up to S$17.7 million and net proceeds of approximately S$17.0 million after expenses.

The fundraising comprises two tranches: a best‑endeavours placement of up to 63.0 million shares arranged by SAC Capital and a 50.0 million‑share strategic subscription by controlling shareholder Q & M Dental Group, with the placements not underwritten.

The issue price represents a 10.0% discount to the volume‑weighted average price prior to the agreements, and the new shares will account for approximately 9.95% of enlarged share capital if fully issued.

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