Hsieh Fu Hua, an independent director of newly-listed UltraGreen.ai, has again bought more shares of the company.
On Dec 12, Hsieh, a former CEO of SGX, paid US$1.44 each for 120,000 shares.
This brings his total holdings to 300,000 shares. He first bought the company's shares on Dec 9, paying US$1.39 each.
In a separate announcement, co-manager of the IPO, Citibank, had on Dec 12 bought 1,519,700 shares, as part of its latest stabilising action.
The shares were bought at between US$1.43 to US$1.45.
With this, the IPO managers have bought all 20,689,700 shares as part of the post-listing stabilisation mandate, and that the over-allotment option will not be exercised.
See also: UltraGreen.ai lead ID Hsieh Fu Hua snaps up 180,000 shares at US$1.39 each
UltraGreen.ai shares closed at US$1.43 on Dec 12, down 2 cents, or 1.379%. Its IPO two weeks ago was priced at US$1.45.
