David Loh Kim Kang, executive director and joint chairman of Centurion Corp, has increased his stake in the operator of workers and students’ accommodation. On May 23, Loh acquired 1.5 million shares for 35 cents each on the open market. In a separate filing, Loh was shown to have bought another 158,700 shares on the same day, also at 35 cents each.
This brings his direct stake to around 39.65 million shares or 4.715%. In addition, he has a deemed stake in another 425.96 million shares or 50.662%. This includes 200,000 shares held by his wife Wong Wan Pei. In total, Loh has an interest of 465.6 million shares, equivalent to 55.377%.
The last time Loh bought Centurion Corp shares from the market was on Oct 5, 2020, when he acquired 200,000 shares for 33.5 cents.