Tuan Sing Ceo Liem Raises Stake Company Again
(Article rewritten)The CEO of real estate firm Tuan Sing Holdings, William Liem, has recently increased his ownership in the company once again. Through his entity, Nuri Holdings (S), Liem purchased 545,300 shares from the open market on December 5, paying a total of $136,325.00 or 25 cents per share. The very next day, Nuri Holdings acquired an additional 1.2 million shares for $311,288.50 at an average price of 25.9 cents each.AdvertisementAdvertisementThese transactions have brought Nuri Holdings’ stake in Tuan Sing to 672.7 million shares, which is equivalent to 54.09% of the company’s shares. This is not the first time that Nuri Holdings has been used to purchase shares in Tuan Sing, as similar transactions were also made on September 10 and 11. During this time, the Liems paid an average price between 25 cents and 25.5 cents.As of June 30, Tuan Sing’s net asset value was recorded at 97.8 cents per share, which is slightly lower than the 99 cents recorded on December 31, 2023. Tuan Sing has also been in the news recently for acquiring several assets from PT Senimba Bay Resort in Batam for $28 million, as well as buying Fraser Residence River Promenade for $140.9 million. This shows that the company is actively expanding its portfolio and making strategic investments to increase its value.As Tuan Sing continues to grow and expand, it is clear that Liem’s increased stake in the company reflects his confidence in its potential for success. Investors should take note of this and keep an eye on Tuan Sing’s future developments.
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