Dr Loo Choon Yong, executive chairman of Raffles Medical Group, and Olivier Lim, the company’s non-executive and non-independent director, recently bought more shares of the company on the open market.

On Feb 22, Loo, who founded the company more than four decades ago, acquired 1.5 million shares at an average price of $1.0227 each. He now holds a total of nearly 977 million shares, or 52.393%, up from 52.312% previously.

On the same day, Lim, who was a former CFO of CapitaLand, acquired 134,000 shares at $1.025 each and another 60,700 shares at $1.02. Lim now holds a total of 441,016 shares, equivalent to 0.02%, up from 246,316 shares prior to the transaction.

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