Ravinder Sajwan, CEO of UltraGreen.ai, has raised his stake in the company after buying more shares on May 29.
According to a filing with the exchange, Sajwan paid a total of US$108,042.68 for 78,800 shares, which works out to an average of just over US$1.37.
In contrast to how Sajwan has all along held an interest in the company via deemed interests, these shares are bought and held under him directly.
In addition to these 78,800 shares, he has a deemed interest in another 683.15 million shares, or 61.94%.
Prior to Sajwan, other company insiders had also been buying shares, including independent directors Hsieh Fu Hua and Nicky Tan.
As indicated in two separate filings, UltraGreen.ai has bought back more shares. On June 2, the company paid US$108,645.92 for 80,000 shares, at between US$1.34 and US$1.37 each.
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In addition, it paid between $1.72 and $1.74 for another 20,000 shares quoted in Singdollars, costing a total of $34,645.26.
This brings the total number of shares bought back to 215,000.
UltraGreen.ai shares were listed at US$1.45 each late last year. It reached as high as US$1.86 in February this year but has been on a down trend since, reaching as low as US$1.20 earlier this month.
UltraGreen.ai shares closed at US$1.37.
