SINGAPORE (Aug 6): Calvin Ho Han Leong, chairman and controlling shareholder of developer First Sponsor Group, has bought the company’s shares just days after it reported stronger earnings for the 2Q ended June 30, 2018. On July 30, Ho bought 100,000 shares at an average price of $1.32 from the open market. The purchase brings his direct stake to 1.97 million shares. He also has a deemed stake of nearly 291.8 million shares via an entity called First Sponsor Capital. Together, they give him a total stake of 45.27%. Ho’s purchase price of $1.32 is a discount of about one-third off the company’s net asset value of $1.98 as at June 30, which is 5.1% higher than the $1.89 cents as at March 31.

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