Tuan Sing CEO Liem raises stake in company again
As at June 30, the company's NAV was 97.8 cents per share
William Liem, CEO of real estate firm Tuan Sing Holdings T24 5ic, has increased his stake in the company yet again.
On Dec 5 via an entity called Nuri Holdings (S) Pte Ltd, Liem bought 545,300 shares from the open market, paying $136,325.00, or 25 cents each.
The following day, Nuri Holdings was used to buy another 1.2 million shares for $311,288.50, or around 25.9 cents each
This brings Nuri Holdings' stake in Tuan Sing to nearly 672.7 million shares, equivalent to 54.09%.
Prior to the buying on Dec 5 and 6, Nuri Holdings was used to buy shares on Sept 10 and 11. The Liems paid between 25 cents and 25.5 cents on average.
As at June 30, the company's net asset value was 97.8 cents per share, down from 99 cents as at Dec 31 2023.
On Nov 14, the company said its local unit has submitted a planning application to redevelop the current Grand Hyatt Hotel in Melbourne into a mixed development.
Tuan Sing shares closed Dec 6 at 27 cents, up 1.92% for the day but down 5.36% year to date.
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