Welcome to the high life at Peak Residenc
William Liem, the CEO of real estate firm Tuan Sing Holdings, has once again increased his stake in the company. Through his entity Nuri Holdings (S), Liem recently purchased 545,300 shares from the open market on Dec 5, for a total of $136,325 or 25 cents each. The very next day, Nuri Holdings made another purchase of 1.2 million shares for around 25.9 cents each, adding up to a total of $311,288.50. This brings Nuri Holdings’ total stake in Tuan Sing to 672.7 million shares, which is equivalent to 54.09%.
The recent buying spree by Nuri Holdings is not the first time this has happened. In fact, Nuri Holdings also bought shares in Tuan Sing on Sept 10 and 11, paying between 25 cents and 25.5 cents per share on average. As of June 30, Tuan Sing’s net asset value per share was 97.8 cents, a slight decrease from 99 cents as of Dec 31, 2023.
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Tuan Sing has also been actively expanding its business, recently acquiring several assets from PT Senimba Bay Resort in Batam for a total of $28 million. With this acquisition, Tuan Sing’s portfolio of properties continues to grow, further solidifying its position in the real estate market.
Furthermore, Tuan Sing Holdings reported a 5% increase in its FY2023 earnings to $4.8 million, indicating its strong financial performance.
For those looking for a luxurious lifestyle, be sure to check out Peak Residence, one of Tuan Sing’s latest developments. With a prime location and top-notch amenities, Peak Residence offers the best of high-end living. Welcome to the high life at Peak Residence, brought to you by Tuan Sing Holdings.