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Banyan Tree’s independent director De Meyer buys more shares; Kim Heng continues with share buybacks

The Edge Singapore
The Edge Singapore4/28/2022 2:35 PM GMT+08  • 3 min read
Banyan Tree’s independent director De Meyer buys more shares; Kim Heng continues with share buybacks
Banyan Tree’s independent director De Meyer has increased his stake in the resorts operator / The Edge Singapore
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Arnoud De Meyer, an independent director of resorts operator Banyan Tree Holdings, has acquired more shares on the open market. De Meyer, an academic focusing on areas such as R&D and innovation management, manufacturing strategy and international management, acquired 100,000 shares at 29 cents each on April 21. He now holds 183,000 shares.

De Meyer was first appointed to Banyan Tree’s board on Jan 28, 2021. Until Dec 2018, he was president of the Singapore Management University, where Ho Kwon Ping, Banyan Tree’s executive chairman, is the chairman of the university’s board of trustees.

Last August, Goodview Properties, a vehicle of the Ng family controlling Far East Organization, emerged as a substantial shareholder of Banyan Tree. On Aug 3, it acquired 1.5 million shares on the open market for $465,387. This brings its total stake to 43.5 million shares or 5.12%. Prior to the filing, it had held a 4.94% stake.

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