What's Happening?
Insiders at Fuji Offset Plates Manufacturing Ltd have been net buyers of the company's stock over the past year, indicating confidence in its future prospects. The most significant purchase was by insider Ah Cheng Lim, who acquired shares worth S$4.5
million at a price lower than the current market value. Insiders now own 75% of the company, suggesting alignment with common shareholders and a belief in the company's potential.
Why It's Important?
High insider ownership often indicates that those closest to the company believe in its long-term success. This can be reassuring for investors, as it suggests that the company is likely to be managed in the interest of all shareholders. Insider buying can also signal potential growth or positive developments within the company, making it an attractive investment opportunity.
