On Feb 29, Beng Kuang Marine : BEZ +4.05% CEO Yong Jiunn Run acquired 1.1 million shares at an average price of S$0.07 per share. With a consideration of S$80,900, this took his direct interest in the company to 4.99 per cent from 4.44 per cent.

 

On Feb 27, the offshore and marine industries solutions provider reported a positive turnaround for FY23 (ended Dec 31), with a net profit of S$7.4 million. Yong noted that the period had been a transitional year, as the group&rsquo s turnaround plan gathered pace on restoring its profitability, deleveraging its balance sheet and simplifying its operations with profitable business divisions.