This increased his direct in terest from 6810 per

This increased his direct in-
terest from 68.10 per cent to 68.30
per cent.
His preceding acquisitions in-
cluded 53,200 shares at S$1.16 per
share, between Nov 17 and 22 and
138,300 shares at S$1.15 per share
between Nov 11 and 16.
Since establishing the credit in-
formation business in Singapore in
1993, he has over 20 years of exper-
ience in the credit information in-
dustry and has been instrumental
in the success and expansion of the
group over the past 2 decades.
Fortress Minerals
Between Nov 30 and Dec 1, Fortress
Minerals non-executive and non-in-
dependent director Teh Lip Kim ac-
quired 400,000 shares of the Catal-
ist-listed company at an average
price of 38.0 cents per share.
With a consideration of
S$152,000 this increased her direct
interest in the explorer, miner, pro-
ducer, and seller of iron ore concen-
trate from 0.10 per cent to 0.18 per
cent.
She also maintains a 33.29 per
cent deemed interest in Fortress
Minerals which takes her total in-
terest to 33.47 per cent.
Teh was appointed to the board
of Fortress Minerals in February
2019.
She is presently the managing
director and substantial share-
holder of Selangor Dredging, a
property development company lis-
ted on Bursa Malaysia and the hold-
ing company of SDB Mining, a con-
trolling shareholder of Fortress Min-
erals.
On Oct 8, Fortress Minerals re-
ported revenue of US$27.3 million
for its H1FY22 (ended Aug 31), a
year-on year increase of 35.8 per
cent, driven by higher average real-
ised selling price which was up by
49.1 per cent year on year, under-
pinned by a robust pricing environ-
ment.
AnnAik
On Nov 26, AnnAik executive dir-
ector and COO Ng Kim Keang ac-
quired 609,400 shares of the manu-
facturer and distributor of stain-
less steel products for a considera-
tion of S$46,065. At 7.6 cents per
share, this took his direct interest
in AnnAik from 2.44 per cent to
2.65 per cent.
Ng joined the company in Janu-
ary 2003 as financial controller,
then was promoted to executive dir-
ector in January 2005 and chief op-
erating officer in March 2015. Cur-
rently, he is responsible for man-
aging the overall operations and
the finance and accounting matters
of the group.
❚ The writer is the market strategist at
Singapore Exchange (SGX). To read
SGX’s market research reports, visit
sgx.com/research.
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