Miguel Ko, chairman of CapitaLand Investment, has snapped up just over $2 million worth of shares in the company on its trading debut.

On Sept 20, Ko paid $2.9349 each for 700,000 shares. 

CLI shares started trading by way of introduction on Sept 20, following the restructuring of CapitaLand into two parts: a privately-held development business, and CLI, the publicly listed real estate management platform.

Prior to this, Ko, a non-executive, non-independent director, held just 3,679 shares. He was appointed to the board on June 2.

CLI shares closed Sept 21 at $3.16, up 7.12%.

Photo: CLI