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A-Sonic exits SGX watch list while directors buy shares; Sarine and Oxley make buybacks

The Edge Singapore
The Edge Singapore7/6/2022 03:53 PM GMT+08  • 4 min read
A-Sonic exits SGX watch list while directors buy shares; Sarine and Oxley make buybacks
Diamonds are scanned by machines from Sarine to help determine the value / Photo: Bloomberg
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Janet Tan, CEO of A-Sonic Aerospace, has added to her stake in the company recently after a series of buying from the market. On June 30, she paid 68.631 cents each for 81,000 shares. She then paid 69.9 cents each for 5,000 shares on July 1, and on July 4, she paid 69.472 cents for 18,000 shares. This brings her total stake in the company to 42.79 million shares, which is equivalent to 60.16%.

Around two months ago, Tan was making another round of buying. On April 29, she paid 69.925 cents each for 20,000 shares; on May 4, she paid 73.15 cents each for 10,000 shares; on May 5, she paid 76.74 cents each for 10,000 shares and on May 6, she paid 77.445 cents each for 10,000 shares.

Meanwhile, Irene Tay — one of the company’s executive directors — also recently bought shares. On June 30, Tay paid 70.082 cents each for 30,000 shares, bringing her total interest to 1.03 million shares, or 1.45%.

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