(Sept 9): Non-executive director and controlling shareholder of Centurion Corp, Han Seng Guan, bought 500,000 of the accommodation provider’s shares for HK$2.36 on Aug 27, bringing his total holdings to 482,530,926 shares, or a 57.4% stake in the company. Han had in March acquired 444,000 shares for HK$2.40 each.
Han’s deemed stake is held via an entity called Centurion Global, which he jointly controls with his maternal cousin David Loh Kim Kang, who is also a non-executive director of Centurion Corp. The shares in the listed Centurion are held via Centurion Properties, which is a subsidiary of Centurion Global.
Han was not the only one acquiring Centurion Corp shares. Loh acquired a total of 650,000 shares at 40 cents each in June, bringing his total stake to 478,493,076 shares.