On Jun 13, Uni-Asia Group : CHJ -0.98% executive chairman Michio Tanamoto acquired 150,000 shares of the company for a consideration of S$156,000. At an average price of S$1.04 per share, this increased his total interest in the company from 3.24 per cent to 3.44 per cent. This closely followed his acquisition of 50,000 shares at S$1.09 per share on Jun 9. Tanamoto was appointed the executive chairman of Uni-Asia Group in April 2020.

 

On Jun 9, Uni-Asia Group : CHJ -1.87% executive chairman Michio Tanamoto acquired 50,000 shares of the company for a consideration of S$54,250. At an average price of S$1.09 per share, this increased his total interest in the company from 3.18 per cent to 3.24 per cent.

 

His preceding acquisitions were on Aug 20, with 30,000 shares acquired at S$1.05 per share and May 21, 2021, with 50,000 shares acquired at 66.5 cents per share.

 

Tanamoto was appointed executive chairman of the Uni-Asia Group in April 2020. He was previously appointed as chairman and CEO in April 2014, before he relinquished his position as CEO in 2020 as part of the group&rsquo s succession planning. He is one of the 4 founders who established the company in 1997 and has been a director since then. He has close to 40 years of experience in financial sector, having been based in Japan, Hong Kong and Singapore.

 

In April, Tanamoto noted that as a producer of alternative investment opportunities, Uni-Asia Group&rsquo s ongoing mission is to constantly create new investment products and develop new investors sources to increase its assets under management as well and strengthen its investment portfolio to achieve sustainable long-term growth. With 2022 also marking the group&rsquo s 25th anniversary, Tanamoto added that the group&rsquo s balance sheet is now stronger than before, following its deleveraging strategy, with a strong cashflow, as a result of the strong shipping market.

 

On Jun 1, Uni-Asia Group : CHJ 0% executive director and CEO Kenji Fukuyado acquired 70,000 shares of the company for a consideration of S$74,679.

 

At S$1.07 per share, this took his total interest in Uni-Asia Group from 1.78 per cent to 1.87 per cent.

 

His preceding acquisition was on Mar 16, with 50,000 shares acquired at S$1.12 per share, and prior to that, he acquired 50,000 shares at 63.3 cents per share back in December 2020.

 

Fukuyado was appointed Uni-Asia Group CEO in April 2020.

 

He joined the group in 2001 and has over 30 years of experience in the finance industry, including structured finance such as tax lease, asset finance, loan syndication, corporate finance, and asset management.

 

In 2021, Uni-Asia Group achieved a net profit of US$18.0 million, the highest profit level in the history of the group. 

 

Fukuyado also noted in April that in the longer term, the alternative investment company is committed to building up a stronger balance sheet.

 

As at the end of 2021, Uni-Asia Group had reduced its total borrowings to US$83.8 million.

 

This was down from US$114.0 million as at the end of 2020, bringing the debt-to-equity ratio to less than 1.