SINGAPORE (July 16): Developer Oxley Holdings is taking advantage of sharply lower prices following the announcement of tougher property cooling measures after market closed on July 5 to step up the ongoing buyback programme of its own shares.
Both company executive chairman Ching Chiat Kwong and deputy CEO Eric Low bought shares as well. On July 10 and 11, Low bought a total of 2.97 million shares at an average price of between 35 and 36 cents each, giving him a total stake of 27.7%, up from 27.63% previously.
Ching, who is the single largest shareholder, bought a total of nearly 10.7 million shares between July 10 and 12, at between 35 and 36 cents each. He now owns 41.45% of the company, up from 41.23% previously.