Insiders at iFast Corporation have been buying shares of their company on the open market. They include executive chairman Lim Chung Chun as well as executive director Dennis Goh Bing Yuan.
The most recent transaction was by Lim on March 11 when he acquired 50,000 shares for $281,600, or an average of $5.632 each. With the acquisition, Lim’s total stake, consisting of shares he holds directly and those he is deemed to have an interest in, totalled 60.92 million units, or 22.028% of the company, up from 22.01% previously.
On March 3, executive director Goh acquired 10,000 shares for $58,500, bringing his total stake to 976,352 shares, or 0.354%, from 0.35% previously. On Feb 24, Lim himself acquired 40,500 shares on the open market for $228,361, or an average price of $5.64 each.