Ang Yew Chye, the co-founder and executive director of Union Steel , has acquired 36,000 shares in the company for $30,942.36 or 85.95 cents each.
The purchase, which was made via the market on Aug 29, ups Ang’s stake in the company to 10.81% – or 4.22 million shares – from 10.72% previously.
Ang has purchased shares in Union Steel from the market on three other occasions, in between the company’s results for the 1HFY2023 and FY2023 ended June. Union Steel released its 1HFY2023 and FY2023 results on Feb 13 and Aug 25 respectively.
On June 22, Ang bought 67,500 shares from the market for $51,812.33 or 76.76 cents each. He then acquired another 34,700 shares for $28,026.84 or 80.77 cents apiece on June 27. On July 3, Ang bought 8,100 shares from the market for a total sum of $6,520.50 or 80.5 cents each.
Shares in Union Steel closed flat at 86 cents on Aug 30.
