Ang Yew Chye, the co-founder and executive director of Union Steel, has bought 63,800 shares for $39,832.25, or 62.4 cents apiece.
The shares were bought via the market on Dec 2.
Following the transaction, Ang’s stake came up to 12.08% from 12.03% previously.
Shares in Union Steel Holdings closed 1 cent higher, or up 1.67%, at 61 cents on Dec 3.