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