Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping continued to build his deemed interest, with 300,000 shares acquired at S$0.142 apiece. This increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.35 per cent to 69.36 per cent. This followed Li increasing his deemed interest between Apr 11 and 16. He has increased his deemed interest from 57.8 per cent at the end of 2019, mostly through a rights issue earlier in the year.   

Between Apr 11 and 16, Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping acquired 380,000 shares at an average price of S$0.136 per share. This increased his deemed interest in the China-based producer and supplier of downstream petrochemical products from 69.31 per cent to 69.35 per cent. This followed Li increasing his deemed interest by 11.18 per cent in the recent rights issue that went ex-rights in February. 

 

For 2025, Sinostar PEC Holdings anticipates continued growth in the polyolefin market, although this growth may be moderated by increased domestic supply exerting downward pressure on market prices. Despite this, the group expects a gradual recovery in broad domestic demand, driven by improvements in consumer spending influenced by pro-consumption policies and growth in key sectors such as automotive, home appliances, logistics, electronics and telecommunications.