CEO Chen Lok Ng purchases 1,500,000 shares of SAGT at $1.04; stock down 70.8% from 52-week high
CEO Chen Lok Ng purchased 1,500,000 shares at $1.04 on 2026-06-18, increasing his holdings from 6,952,600 to 8,452,600 shares—a 21.6% increase in his pre-transaction position. The purchase was executed at a significant discount to the 52-week high of $3.39; the stock currently trades at $0.99, down 70.8% from that peak and down 58.6% over the past 90 days. This transaction represents a material acquisition by the CEO during a period of sharp stock deterioration, and his resulting 8.45M-share stake represents a substantial concentration in a company with a market cap of $12.4M. The context of depressed pricing and steep recent decline warrants detailed examination of underlying business conditions and motivations.