Staff Reporter
,
Singapore
Photo from Shutterstock
His latest purchase increased his stake to 54%.
Executive chairman and co-founder Loo Choon Yong increased his stake in Raffles Medical Group, with the purchase of 800,000 ordinary shares.
Loo bought the shares at $1.02 per share.
The acquisition increased his total stake in the company to 54.578% or 1.013b shares of the Raffles Medical Group.
The company made the transaction on 12 June through a market transaction.
Before the latest purchase, he bought 900,000 ordinary shares at $1.02 apiece.
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