SINGAPORE (June 5): The controlling Tan family of Hotel Grand Central have yet again bought shares of the company in the open market via their investment vehicle, Tan Chee Hoe and Sons Holdings.

There are three Tan brothers running the company. Eng Teong is the group’s executive chairman and managing director, while Teck Lin and Eng How are its executive directors.

The most recent purchase was made on May 27. The Tans paid an average of 92.47 cents for 42,700 shares, which brought the total number of shares held via Tan Chee Hoe and Sons to nearly 403 million shares. This translates into a stake of 55.46%, based on the company’s total share base of 726.5 million shares.

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