Ong Beng Seng acquires 1.2 mil shares for $4.3 mil in company, total stake increases to 60.45%

Hotel Properties’ managing director, Ong Beng Seng, has acquired 1.2 million shares in the company for $4.3 million or $3.58 per share via an off-market transaction on March 4. 

Following the transaction, Ong’s total stake increased to 60.45% from 60.22% previously. Ong last purchased 150,000 shares in the company for $537,000 on Jan 8, which increased his stake to 60.22% at that time.