Singapore Shipping Executive Chairman Acquires 1.5% More Stock

Simplywall
2025.07.14 02:20
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Singapore Shipping Corporation's Executive Chairman, Chio Kiat Ow, has acquired an additional 1.5% stake in the company, purchasing S$688k worth of shares at S$0.28 each. This marks the largest insider purchase in the past year, indicating optimism about the company's prospects. Insiders own 52% of Singapore Shipping, suggesting alignment with shareholder interests. Overall, the insider transactions and high ownership levels reflect a bullish sentiment towards the company, although potential risks remain.