Published February 24, 2009

Directors, senior execs buy OSIM shares

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THE directors and management of OSIM International have bought a total of 5.82 million shares in the lifestyle products group at six cents each from the open market.

The purchases made last Thursday and Friday followed OSIM's announcement of a $99.44 million loss in FY08 and the write-off of its stake in Brookstone.

OSIM said chief executive officer Ron Sim and director Ong Kian Min bought two million shares each, while CFO Peter Lee acquired 320,000 shares. Chief operating officers - Charlie Teo and Richard Leow - bought 300,000 shares each.

The purchases represent about 1.1 per cent of the total outstanding shares.