paul_derek4.14Paul Tan (left) with Derek Goh, chairman of Serial, at the recent company AGM. Photo by Cheng Siew HooiPaul Tan, an independent director of Serial System, bought 97,000 shares of the company on 29 April at 13.8 cents apiece, raising his stake to 197,000 shares.
 
He has been an ID of Serial since 2011, and is MD of accounting firm CA Trust Pac.

Serial is riding on a momentum in revenue and earnings growth as it executes a new enhanced business strategy to gain higher profit margins on higher revenue in the semiconductor distribution business.

Meanwhile, Serial chairman and CEO, Derek Goh, is showing no sign of stopping in his steady accumulation of Serial shares.

His 12th and latest purchase this year (of 158,000 shares) was made on 29 April, taking his holding to 339,042,698 shares or a 37.85% stake in the company.

So far this year, he has bought 5.145 million shares for about S$700,000. 

After Mr Goh, the second largest shareholder of Serial is Sam Goi, the popiah king, who holds a 13.8% stake.

Recent story: SERIAL SYSTEM: 1Q profit up 31%, on Track for US$1 billion annual revenue



texturing_MC.4.14Texturing machines in the Huaxiang project: Twenty machines have just been successfully commissioned in Apr 2014. Photo: CompanyChina Goaxian Fibre is struggling to record a profit but Executive Director Jerome Tham Wan Loong is signalling his confidence in the future of the business.

On April 28, he made his first purchase of the company's shares since November 2009 with 500,000 shares purchased at 4 cents each.

Mr Tham, who now owns 600,000 shares of Gaoxian, had steered the company as interim CEO to a resumption of trading in Sept 2013 after over two years of suspension.

He had bought 550,000 warrants of the company on their first day of trading in Sept last year at 2.8455 cents on average, totalling $15,650. (See: CHINA GAOXIAN: Interim CEO Bought 550,000 Warrants On Day 1)

A major milestone is in sight for the company as Phase 1 of its Huaxiang Project is scheduled to be completed in the third quarter of 2014 subject to the successful commissioning of the new plants.

For more info, see company's 25th April announcement.


You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings1.8600.020
Best World2.5000.020
Boustead Singapore0.950-
Broadway Ind0.1480.003
China Aviation Oil (S)0.8700.005
China Sunsine0.4000.010
ComfortDelGro1.380-0.010
Delfi Limited0.875-
Food Empire1.110-0.010
Fortress Minerals0.295-0.015
Geo Energy Res0.3050.005
Hong Leong Finance2.4400.020
Hongkong Land (USD)3.5000.080
InnoTek0.5100.005
ISDN Holdings0.3050.005
ISOTeam0.0500.003
IX Biopharma0.0400.001
KSH Holdings0.2500.005
Leader Env0.049-
Ley Choon0.054-0.001
Marco Polo Marine0.067-0.001
Mermaid Maritime0.1380.003
Nordic Group0.305-
Oxley Holdings0.087-0.003
REX International0.1260.002
Riverstone0.930-
Southern Alliance Mining0.4850.005
Straco Corp.0.480-0.010
Sunpower Group0.220-0.010
The Trendlines0.063-
Totm Technologies0.0200.001
Uni-Asia Group0.810-
Wilmar Intl3.130-0.030
Yangzijiang Shipbldg1.740-0.010
 

We have 916 guests and no members online

rss_2 NextInsight - Latest News