Yong Jiunn Run, the CEO of Beng Kuang Marine BEZ , has acquired 250,000 shares in the company for $16,250 or 6.5 cents per share.
The shares were acquired via the market on Aug 30.
The acquisition ups Yong’s stake to 4.19% – or 8.35 million shares – from 4.07% previously.
Yong last acquired 100,000 shares for $7,000 – or 7 cents per share – via the market on July 4.
On Aug 11, Beng Kuang Marine announced a loss of $854,000 for the 1HFY2023 ended June 30 mainly due to higher interest expenses and one-off legal/consultancy costs from the winding up/discontinuation of Cattle Line Two Pte Ltd. Its revenue rose by 9.7% y-o-y to $31.9 million as revenue across its operating segments grew.
Shares in Beng Kuang Marine closed 0.3 cents higher or 4.84% up at 6.5 cents on Aug 30.
