Ind-Director records first buy in Aztech Group (560-AZ.SP) on 16% price fall
Independent Director Tan Teik Seng recorded his first on-market trade in electronics and LED lighting products designer and manufacturer Aztech Group Limited (560-AZ.SP) [MKT CAP 61M] since the stock was listed in February 1994 on SGX Sesdaq and in September 2006 on SGX Mainboard with 44,000 shares purchased on April 27 at 12 cents each [AI SCORE 5.8]. The trade increased his direct holdings by 110% to 84,000 shares or 0.02%. The acquisition was made on the back of the 25% drop in the share price since April 2014 from 15.9 cents. Despite the fall in the share price, the counter is still up since August 2013 from 8.5 cents. Also positive this year is Chairman & CEO Michael Mun Hong Yew with 60,000 shares purchased on February 18 at 13 cents each [AI SCORE 4.6; 3MTH -4%(29%)/6MTH +14%(56%) 21 BUYS-1994], which boosted his direct stake to 116.366 million shares or 23.94%. He also has deemed interest of 3.636 million shares or 0.75%. He previously acquired 470,000 shares from February to June 2009 at 10 cents to 20 cents each or an average of 14.9 cents each and 3.96 million shares from February 2007 to December 2008 at 43 cents to 10 cents each or an average of 14.9 cents each. Aztech Group announced on April 27 a 27.5% drop in 1Q profit to 1.218 million for the 3 months to 31 March 2015. The counter closed at 12 cents on April 30 (Asia Insider News April 30, 2015).
The content on this site, including news alerts, quotes, data and other information, is provided by Asia Insider Limited and its third party content provider for your personal information only, and is not intended for trading purposes. Content on this site is not appropriate for the purposes of making a decision to carry out a transaction or trade. Nor does it provide any form of advice amounting to investment advice, or make any recommendations regarding particular financial instruments, investments or products.
Asia-insider.com does not provide investment advice nor recommendations to buy or sell securities. We do not request personal information in any unsolicited email correspondence with our customers. Any correspondence offering trading advice or unsolicited message asking for personal details should be treated as false and reported to firstname.lastname@example.org.
Neither Asia Insider Limited nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. ASIA INSIDER LIMITED EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF ANY THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.
Although Asia Insider Limited makes reasonable efforts to obtain reliable content from third parties, Asia Insider Limited does not guarantee the accuracy of or endorse the views or opinions given by any third party content provider. This site may point to other Internet sites that may be of interest to you, however Asia Insider Limited does not endorse or take responsibility for the content on such other sites.
Asia Insider News Alerts
Whilst Asia Insider Limited has used reasonable endeavours to ensure that the information provided by Asia Insider in its news alerts are accurate and up to date as at the time of issue, it reserves the right to make corrections and does not warrant that it is accurate or complete. News will change with time. Asia Insider Limited hereby disclaims all liability to the maximum extent permitted by law in relation to the news alerts and does not give any warranties (including any statutory ones) in relation to the news. This is a free service and therefore you agree by receiving any new alert(s) that this disclaimer is reasonable. Any copying, redistribution or republication of Asia Insider news alert(s), or the content thereof, for commercial gain is strictly prohibited.
Third Party Legal Notices
The HK, Singapore and Australian Substantial Shareholder filings and Company buyback transactions are the copyright of The Stock Exchange of HK Limited, Monetary Authority of Singapore and The Australian Stock Exchange, respectively. It endeavours to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from inaccuracies or omissions.
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Asia Insider content, including by framing or similar means, is expressly prohibited without the prior written consent of Asia Insider Limited. The Asia Insider logo is a registered trademark of Asia Insider Limited.