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Raffles Medical Group chairman ups stake to 55.592%

Ashley Lo
Ashley Lo • 1 min read
Raffles Medical Group chairman ups stake to 55.592%
Following the transaction, Loo’s total stake in the group has risen to 55.592% from 55.554% previously. Photo: Albert Chua/The Edge Singapore
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Dr Loo Choon Yong, chairman and a substantial shareholder of Raffles Medical Group, has acquired 700,000 shares for $602,000, or 86 cents apiece. 

The shares were bought via the market on Nov 26.

Following the transaction, Loo’s total stake in the group has risen to 55.592% from 55.554% previously. 

On Nov 22, Loo also bought another 1 million shares for $861,000, or 86.1 cents per share. 

Shares in Raffles Medical Group closed 0.5 cents lower, or down 0.58%, at 85.5 cents on Nov 27.

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