Centurion Corporation’s non-executive director Han Seng Juan has increased his interest in the company by purchasing securities off the market, according to a bourse filing on Apr 8.
After the global stock market plunge which saw the Straits Times Index (STI) dropping by 8.5% on the morning of Apr 7, companies rushed to buyback shares. Their CEOs are too in the fray.
Han, who sits on the board of Centurion and owns a 50% shareholding interest in the company, purchased 250,000 ordinary shares for $1.04 per share for a total of $260,000 on Apr 7. His deemed interest in the company therefore stands at 468,431,226 shares after the transaction, or 55.714% of the number of ordinary voting shares.
Centurion’s executive director, David Loh, previously purchased 100,000 ordinary shares in the company on March 27 for $1.19 a piece, purchased at a price of $118,167 in two separate transactions.
This brings Loh’s total stake in the company to 59.793%, up from the 59.781% previously.
Prior to the March share purchase, Loh acquired 10 million shares for 93.5 cents per share via a married deal, bringing his total stake to 59.76% on Jan 15.
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Shares in Centurion closed 3 cents higher or 2.804% up at $1.10 on Apr 8.
