From metals to meta
Janet Tan, CEO of A-Sonic Aerospace, raised her stake in the company after it had received approval from Singapore Exchange to exit the Watch-list on June 30. The most recent market purchase for Tan was on Aug 19. She had acquired 23,900 shares for a total of $19,871.42 or 83.144 cents each. The acquisition raises her stake to 42,9 million shares, equivalent to 60.31%, up from 60.28% previously. Earlier on Aug 11, 12 and 16; she had acquired 19,000 shares for 77.84 cents each, 26,000 shares for 78.875 cents each and 13,000 shares for 79.785 cents each respectively.
Irene Tay, one of A-Sonic’s executive directors, also raised her stake in the company. On Aug 11, Tay acquired 8,000 shares from the open market for 78.563 cents each. This brings her total stake to nearly 1.04 million shares, equivalent to 1.46%. On Aug 10, A-Sonic announced earnings for 1HFY2022 ended June was $4.06 million, up 25.3% from $3.24 million a year ago. Revenue in the same period rose 15.3% to $222 million. The company enjoyed recovery from its two key businesses, aerospace and logistics.
