– Tuan Sing Sian’s
The CEO of real estate firm Tuan Sing Holdings, William Liem, has once again increased his stake in the company. Through his entity, Nuri Holdings (S), Liem purchased a total of 1.7 million shares from the open market on Dec 5 and 6. The value of the shares purchased amounted to $447,613.50, and each share was bought at an average price of 25 cents.
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This latest round of shares bought by Nuri Holdings has brought their total stake in Tuan Sing to 672.7 million shares, which accounts for 54.09% of the company. This is not the first time that Nuri Holdings has increased its stake in Tuan Sing. On Sept 10 and 11, they purchased shares at prices ranging from 25 cents to 25.5 cents on average.
As of June 30, Tuan Sing’s net asset value stood at 97.8 cents per share, a slight decrease from 99 cents as of Dec 31, 2023. In other related news, Tuan Sing recently acquired several assets from PT Senimba Bay Resort in Batam for a total of $28 million. Additionally, the company also reported a 5% increase in profits for FY2023, which amounted to $4.8 million.
With these recent developments, it seems that Tuan Sing is on a path of growth and expansion. Investors and shareholders can look forward to a promising future for the company. Interested individuals can also check out Peak Residence, a luxurious property developed by Tuan Sing that offers the ultimate high life experience.