Auric Pacific Group Limited (APGL) (SGX: A23) came to our attention recently when our editor-in-chief, Adam Wong, was trawling company announcements on the SGX. (I know… he has no life.)
He noticed a number of insider trades in APGL – particularly by one executive director, Dr Andy Adhiwana. Executive director Dr Andy Adhiwana has been acquiring shares of APGL from September 2015 till date. He has purchased a total of 3.2 million shares at a total value of $2.3 million so far. The average purchase price is $0.72 per share. In the process, he has increased his ownership from 21.88% to 24.46%. Adam shared the news with me and I decided to find out more about the company to see if there was any potential investment opportunity brewing.
So let me give you a brief background on APGL’s business.
APGL’s operations spread ......