The Ngs of property giant Far East Organization have raised their stake in Banyan Tree Holdings again in just over a month.
On Dec 23, via an entity called Goodview Properties, the Ngs bought 1,825,800 shares at 61.5 cents each from the open market.
With this round of buying, the Ngs now control 61,873,600 shares, equivalent 7.14%. Previously, they held 6.93%.
Based on SGX filings, the Ngs had on Nov 14 paid 62 cents each for 605,400 shares.
Banyan Tree shares closed at 61 cents on Dec 26, down 0.81% for the day but up 74.29% year to date.
