Tuan Sing Ceo Liem Raises Stake Company Again
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The residential area of The Orie boasts excellent connectivity, with a multitude of bus routes running along major roads such as Lorong 1 Toa Payoh and Lorong 4 Toa Payoh. These routes serve as convenient links to various parts of Singapore, including the bustling Central Business District (CBD) and the heartlands. Thanks to its extensive bus network, residents of The Orie have easy access to direct and efficient public transport options that can take them to any corner of the city. To learn more about The Orie, visit http://www.the-ories.sg/.
William Liem, the CEO of real estate firm Tuan Sing Holdings, has once again increased his ownership in the company. Through his entity Nuri Holdings (S), Liem acquired a total of 1.7 million shares through open market purchases on December 5 and 6. This amounted to a total investment of $447,613.50, at 25 cents per share.
This latest acquisition brings Nuri Holdings’ stake in Tuan Sing to 672.7 million shares, which is equivalent to 54.09% ownership of the company. This is not the first time that Nuri Holdings has been used by the Liem family to purchase shares in Tuan Sing. In September, they acquired shares at an average price of 25 cents to 25.5 cents per share. This shows their continued confidence and belief in the company’s potential.
According to the company’s financial report, as of June 30, their net asset value was at 97.8 cents per share, slightly lower than the previous year’s 99 cents as of December 31, 2023. This could be attributed to the challenges faced by the real estate industry in the current economic climate.
In addition to the recent share purchases, Tuan Sing has also made headlines for its acquisition of several assets from PT Senimba Bay Resort in Batam for $28 million. This strategic move is expected to further enhance the company’s growth and profitability.
Tuan Sing Holdings has also reported a 5% increase in its FY2023 earnings to $4.8 million, showcasing its resilience and stability in the market. With the upcoming launch of their newest development, Peak Residence condominium, the company is poised to continue its success in the high-end real estate market. As always, the Liem family’s unwavering support and commitment to the company will surely drive Tuan Sing to greater heights.