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Loh, Han raise stakes in Centurion as share price hits year-low

Chan Chao Peh
Chan Chao Peh9/10/2018 07:30 AM GMT+08  • 4 min read
Loh, Han raise stakes in Centurion as share price hits year-low
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SINGAPORE (Sept 10): David Loh Kim Kang and Han Seng Juan, two of the controlling shareholders of accommodation provider Centurion Corp, have been increasing their direct stakes in the company via a series of purchases on the open market, as the company’s share price hovers around its 52-week-low.

On Aug 31, Han, who is Centurion’s non-executive director, bought 494,500 shares at an average price of 42.737 cents, bringing his direct stake to more than 20.7 million shares. His deemed stake remains at just over 453.7 million shares. The total of 474.4 million shares translates into a 56.426% stake in the company, up from 56.367% previously.

Han’s deemed stake is held via an entity called Centurion Global, which he jointly controls with his maternal cousin Loh, also a non-executive director of the company. The shares in the listed Centurion are held via Centurion Properties, which is a subsidiary of Centurion Global.

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