William Liem, the CEO of real estate firm Tuan Sing Holdings, has once again increased his ownership in the company. On December 5th, Liem acquired 545,300 shares from the open market through his entity Nuri Holdings (S) for a total of $136,325 at 25 cents per share. The next day, Nuri Holdings bought another 1.2 million shares for $311,288.50 at approximately 25.9 cents per share.
This latest move brings Nuri Holdings’ stake in Tuan Sing to 672.7 million shares, equivalent to 54.09% of the company. Prior to the recent purchases, Nuri Holdings had also acquired shares on September 10th and 11th, paying an average price of between 25 and 25.5 cents per share.
As of June 30th, Tuan Sing’s net asset value per share was 97.8 cents, a slight decrease from 99 cents as of December 31st, 2023. In related news, Tuan Sing recently acquired several assets from PT Senimba Bay Resort in Batam for $28 million. The company also reported a 5% increase in earnings to $4.8 million for the 2023 fiscal year. Interested individuals can also experience luxurious living at Peak Residence, one of Tuan Sing’s high-end developments.