Ow started buying on May 28, acquiring 20,000 shares for 24 cents each. He continued buying on most days till June 6. For most days, he paid about 24.5 cents for each share. Before this streak, Ow last bought in January. He had acquired 88,750 shares at 25 cents each on Jan 26 and 200 shares on Jan 30.
Ow Chio Kiat, executive chairman of both Singapore Shipping Corporation (SGX:S19
) and Stamford Land (SGX:H07) Corporation, has been increasing his stake in both listed companies that he controls.
He most recently acquired 50,000 shares of Singapore Shipping Corporation for 24.5 cents each on the open market on June 20, which raised his direct interest to 161.56 million shares, equivalent to 40.33%. In addition, he has a deemed interest in another 2.73% of the company, which gives him a total interest of 172.48 million shares, or 43.06%.
