SINGAPORE (May 15): On May 6, investment company Winmark Investments acquired 50,000 shares in Roxy-Pacific Holdings for $16,250, or at an average price of 32.5 cents each.

Winmark is wholly owned by Winston Tan, an independent director of Roxy-Pacific, and his wife. Together with the 35,000 shares that he owns directly, Tan now owns a total of some 9.7 million shares in Roxy-Pacific, or a 0.747% stake.

Indeed, Tan has been acquiring shares in the property and hospitality firm from the open market since March. His earlier purchases were made on March 27, March 30, April 7, April 13, April 22, April 28 and May 4. The largest block of shares was acquired on April 7, when he acquired 150,000 units. The prices Tan paid for the shares ranged between 32 and 33 cents.

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