What's Happening?
Fuji Offset Plates Manufacturing Ltd has seen a notable increase in insider buying over the past year, with insiders acquiring more shares than they sold. The most significant purchase was made by insider Ah
Cheng Lim, who bought S$4.5 million worth of shares at S$0.45 per share, despite the current price being S$0.59. This insider buying is viewed positively, indicating confidence in the company's future prospects. Insiders currently own 75% of the company, valued at approximately S$27 million, suggesting alignment with shareholder interests.
Why It's Important?
Insider buying often signals confidence in a company's future performance, potentially influencing investor sentiment positively. The substantial insider ownership at Fuji Offset Plates Manufacturing suggests that the company is likely managed in the interest of shareholders, which can be reassuring for investors. This development may attract more attention to the company, especially from those interested in investing in lesser-known stocks with strong insider backing.
