Between Feb 22 and 24, Tai Sin Electric chairman, non-executive and non-independent director, Bobby Lim Chye Huat acquired 232,100 shares for a consideration of S$77,593.

 

At an average price of 33.4 cents per share, this increased Mr Lim' s interest in Tai Sin Electric from 6.56 per cent to 6.57 per cent.

 

First appointed as a director of Tai Sin Electric in October 1997, Mr Lim was previously managing director of Lim Kim Hai Electric Co (S) from 1972 to 1997.

 

Tai Sin Electric noted back on Feb 8 that its focus to continuously accelerate digitalisation has reaped improvement in business activities and work processes, allowing its business arms to operate efficiently at lower capacity while complying with stringent safe distancing measures.

 

On Feb 16, Tai Sin Electric substantial shareholder Joanna Guah Li Mei acquired 36,800 shares at 32.5 cents per share.

 

This took her total interest in Tai Sin Electric from 6.29 per cent to 6.30 per cent.

 

On Feb 8, Tai Sin Electric reported H1FY21 (ended Dec 31) profit before income tax at S$21.20 million, up from S$10.19 million in H1FY19, mainly attributed to a fair value gain on derivative financial instruments and grants extended by the Singapore government in view of the Covid-19 pandemic.

 

Tai Sin Electric noted that its continued focus to accelerate digitalisation had reaped improvement in business activities and work processes, allowing its business arms to operate efficiently at lower capacity while complying with stringent safe distancing measures.

 

The group also noted that it would continue to stay vigilant, monitor and respond to copper price volatility, supply chain for materials and developments in the region, to mitigate uncertainties brought about by the Covid-19 pandemic.