Chua Thian Poh, chairman and CEO of Ho Bee Land, increased his stake in the property group. On Oct 14 and 16, via an entity called Ho Bee Holdings, Chua acquired 151,500 shares on the open market for $2.27 each. He now has a deemed stake of just over 500.7 million shares, equivalent to 75.408% of the company.

Chua’s last open market purchases were made around two months ago. On Aug 19, he acquired 185,800 shares for $394,338.20, or $2.12 each. Two days later on Aug 21, he acquired another 123,700 shares for $262,391.20 which worked out to be at the same price of $2.12 each.

Between Chua’s purchases in August and October, Ho Bee Land had made a series of share buybacks. On Sept 15, the company bought back 150,600 shares at prices ranging between $2.21 and $2.23. On Oct 5, the company bought back 80,500 shares at between $2.23 and $2.25. Under the current share buyback mandate, Ho Bee Land had bought back a total of just over 1.2 million shares, equivalent to 0.183% of its total share base.

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