Photo: Samuel Isaac Chua/The Edge Singapore

The top management of Ho Bee Land have been buying up shares of the tightly-held developer. On May 24, via his privately-held entity called Ho Bee Holdings, chairman and CEO Chua Thian Poh acquired 133,700 shares for $339,598 or $2.54 each. With the purchase, Chua now has a deemed interest of 501.25 million shares or a 75.488% stake, up from 75.468% previously.

Two months earlier, on March 23, Chua had acquired 15,000 shares for $36,336 or $2.42 each. On the same day, Ho Bee’s executive director and COO Ong Chong Hua acquired 100,000 shares for $244,324.

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