Soon Hock’s Executive Chairman, Tan Yeow Khoon, acquired 3,283,500 shares off-market on 18 Sep 2026. By spending over $1.9 million, he increased his stake from 74.56% to 75.62%. This follows his earlier open-market purchases on 23–25 June 2026, where he bought 2,033,000 shares at an average price of $0.646, totaling a $1,313,869 outlay.
His son, CEO Walter Tan Min Loon, also showed strong support by purchasing shares on the open market on 13–14 August 2026, spending $219,550.
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Strong Insider Alignment & Privatisation Potential
The CEO holds approximately 3.22% of the company, bringing the father-and-son team's combined ownership to around 77.78%. This heavy concentration demonstrates massive confidence in the company's outlook. Given their high stake, they may eventually take the company private. Alternatively, they could declare a solid dividend for the upcoming 2H2026 results to reward themselves, which would naturally benefit minority shareholders as well.
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Strategic Redevelopment & Funding Secured
On 21 September
2026, the board announced plans to finance the remaining S$102.43 million
acquisition cost for properties at 28–36 Jalan Kilang Barat and 8 Jalan Kilang
Timor. The Group intends to redevelop the site into a multi-use, ramp-up B1
industrial building.
To fund this, the company's wholly-owned subsidiary, Soon Hock Pte. Ltd., secured a facility agreement with Maybank Singapore Limited for three term loan facilities totaling up to S$129,029,500.
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Investment Thesis
With the stock
trading at a highly attractive trailing twelve months P/E of just 3.1x, backed by aggressive
insider buying and secured project financing, accumulating more shares at these
levels appears to be a sound strategy.
Prescientsuper
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