On Mar 29, Tye Soon Tye Soon : BFU 0% managing director David Chong Tek Yew acquired 55,000 shares of the company for a consideration of S$21,900 at an average price of 39.8 cents per share. This followed on from Wong Huay Shien, the Chong' s spouse, also acquiring 30,200 shares of Tye Soon on Mar 30 at 39.5 cents per share.

 

The 3 transactions took Chong' s total interest in the independent automotive parts distributor from 3.25 per cent to 3.35 per cent. Joining as group general manager/executive director in 1998, Chong was appointed deputy managing director in 2002, before being appointed managing director in February 2014.

 

On Feb 23, Tye Soon reported that profit after tax totalled S$4.5 million for its FY21 (ended Dec 31), up from S$1.3 million in FY20.

 

Partnering its principals mostly from Europe, Japan and Korea, the group has one of the largest portfolios of top-tier global brands of automotive parts.

 

On Dec 6, Tye Soon Tye Soon: BFU -6.49% managing director David Chong Tek Yew acquired 48,500 shares of the company for a consideration of S$18,673.

 

At an average price of 38.5 cents per share, this increased his total interest in the independent automotive parts distributor from 2.82 per cent to 2.88 per cent.

 

Joining as group general manager/executive director in 1998, Chong was appointed deputy managing director in 2002, before being appointed managing director in February 2014.

 

On Nov 3, Tye Soon provided a business update, noting that group turnover increased by 13.4 per cent to S$164.1 million for Q3FY21 (ended Sep 30) and that its results for FY21 are scheduled to be announced in February 2022.

 

On April 28, Tye Soon managing director David Chong Tek Yew acquired 333,300 shares of the company for a consideration of S$129,987.

 

At an average price of 39.0 cents per share, this increased his total interest in the independent automotive parts distributor from 2.10 per cent to 2.48 per cent.

 

Mr Chong has been with the group since 1998. Joining as group general manager/executive director, he was appointed deputy managing director in 2002, before being appointed managing director in February 2014.

 

Between April 19 and 21, Tye Soon managing director David Chong Tek Yew acquired 244,600 shares of the company for a consideration of S$75,734.

 

At an average price of 31.0 cents per share, this increased his total interest in the independent automotive parts distributor from 1.59 per cent to 1.87 per cent.

 

Mr Chong has been with the group since 1998. Joining as group general manager/executive director, Mr Chong was appointed deputy managing director in 2002, before being appointed managing director in February 2014.

 

Prior to his appointment in Tye Soon, he was assistant director, corporate finance at the investment-banking arm of Standard Chartered Bank in Singapore.

 

On April 21, Tye Soon deputy managing director Kelvin Ong Eng Chian acquired 93,500 shares of the company for a consideration of S$28,985. At 31.0 cents per share, this increased his total interest in Tye Soon from 0.81 per cent to 0.91 per cent.

 

Mr Ong has been with the group since 1999. He started as marketing executive before progressing to become marketing manager, and was appointed executive director in 2006 and became deputy managing director in February 2014.

 

Between March 22 and 24, Tye Soon deputy managing director Kelvin Ong Eng Chian acquired 249,700 shares of the company for a consideration of S$70,993.

 

At an average price of 28.4 cents per share, this increased his total interest in the independent automotive parts distributor from 0.46 per cent to 0.75 per cent.

 

Mr Ong has been with the group since 1999, starting as a marketing executive before progressing to become marketing manager. Appointed executive director in 2006, he became the deputy managing director in February 2014.

 

On Feb 24, Tye Soon reported its FY20 (ended Dec 31) financials, growing its profit of S$0.8 million in FY19 to a profit of S$2.6 million in FY20.

 

On March 19, Tye Soon announced that its controlling shareholder, OBG & Sons, which holds 51.64 per cent of the issued and paid up capital of the company, had entered into a conditional sale and purchase agreement with Bapcor Asia to sell 25 per cent of the issued and paid up capital of Tye Soon worth S$12.5 million.

 

The purchaser is a wholly-owned subsidiary of ASX-listed Bapcor, a leading vehicle parts and accessories provider in the Asia-Pacific with over 1,100 business locations in Australia, New Zealand and Thailand.