Beng Kuang Marine’s CEO acquires 250,000 shares in the company at 6.5 cents each

The acquisition ups Yong’s stake to 4.19% – or 8.35 million shares – from 4.07% previously.

Yong Jiunn Run, the CEO of Beng Kuang Marine BEZ, has acquired 250,000 shares in the company for $16,250 or 6.5 cents per share.

The shares were acquired via the market on Aug 30.

The acquisition ups Yong’s stake to 4.19% – or 8.35 million shares – from 4.07% previously.

Yong last acquired 100,000 shares for $7,000 – or 7 cents per share – via the market on July 4.

On Aug 11, Beng Kuang Marine announced a loss of $854,000 for the 1HFY2023 ended June 30 mainly due to higher interest expenses and one-off legal/consultancy costs from the winding up/discontinuation of Cattle Line Two Pte Ltd. Its revenue rose by 9.7% y-o-y to $31.9 million as revenue across its operating segments grew.

Shares in Beng Kuang Marine closed 0.3 cents higher or 4.84% up at 6.5 cents on Aug 30.

See Also:

• Click here to stay updated with the Latest Business & Investment News in Singapore

• Union Steel’s co-founder and executive director acquires 36,000 shares in the company at 86 cents each

• GHY maintains steady buybacks; MindChamps' Du trims stake

• DBS buys more units in CapitaLand Ascendas REIT, days after disposal

• Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World

• Get in-depth insights from our expert contributors, and dive into financial and economic trends

• Follow the market issue situation with our daily updates

• Or want more Lifestyle and Passion stories? Click here