Silchester has bought another 1.97 million shares in ComfortDelGro via the market on Jan 29.
The fund manager, already a substantial shareholder in the transport operator, paid a total of $2.74 million or $1.389 per share.
Following the purchase, Silchester’s stake in ComfortDelGro is now at 7.05% from 6.96% previously, according to a filing on Jan 30.
Silchester has been steadily acquiring more shares in ComfortDelGro since November 2023.
On Nov 7, 2023, the fund manager became a substantial investor in the transport operator after buying 1.52 million shares for $2.04 million or $1.337 per share, bringing its stake to 5.026% from 4.955% previously.
On Dec 4, 2023, Silchester bought 4 million shares from the market for $5.16 million or $1.2898 per share, which brought its stake to 6.14%, from 5.96% previously.
See also: Acesian Partners’ substantial shareholder disposes of 20.6 mil shares via off-market transaction
Shares in ComfortDelGro closed 1 cent higher or 0.71% up at $1.41 on Feb 2.
