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Centurion's joint chairman Loh raises stake in company

The Edge Singapore
The Edge Singapore  • 1 min read
Centurion's joint chairman Loh raises stake in company
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David Loh, one of the two controlling shareholders of dormitory operator Centurion Corp, has raised his personal direct stake.

On June 3, he paid 53 cents each for 215,400 shares. The following day, Loh, joint chairman and an executive director of the company, bought another 323,200 shares, paying 53.24 cents on average.

In total, Loh has just spent just over $286,000 to bring his direct stake to nearly 46.17 million shares, equivalent to 5.491%.

Kong Chee Min, the company's CEO, had on May 10 paid 49.8 cents each for 75,000 shares. This brings his total stake to 359,905 shares, or 0.043%.

In addition, he has a deemed interest in another 50.622% of the company, giving him a total interest of 56.153%. 

Centurion shares have gained nearly a third year to date as its operating earnings improved in line with stronger demand for accommodation for both workers and students.

See also: Wee family increases stake in UOL

Centurion shares closed June 4 at 54 cents, up 0.94%.

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