SINGAPORE (Mar 20): Top managers of the two listed property agencies have bought shares in their companies this past week, amid a wider market selldown. On March 13, Jack Chua, executive chairman and CEO of

APAC Realty which runs the ERA franchise here, bought 10,000 shares at 38 cents each. On March 16, he bought another 50,000 shares at 36 cents each. Chua now owns 80,000 shares, or 0.02% of the company.

In FY2019 ended Dec 31, 2019, APAC Realty recorded earnings of $13.9 million, down 42.8% from the preceding year. Revenue in the same period was down 12.8% to $369.5 million. For the 4QFY2019, the company reported earnings of $5.4 million, up 32.4% y-o-y. Revenue in the same period was up 31.7% y-o-y to $107.8 million.

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