The Ng family that’s most famous for owning real estate giant Far East Organization, has emerged as a substantial shareholder of resort operator Banyan Tree Holdings.
According to an SGX filing, Goodview Properties Pte Ltd, controlled by the Ngs, on Aug 3 paid $465,387 for 1.5 million Banyan Tree shares from the market, which works out to an average of just over 31 cents.
With that, the Ngs now hold a total of 43.5 million Banyan Tree shares, equivalent to 5.12%, up from 4.94% earlier.
Banyan Tree shares closed Aug 5 at 32 cents, up 1.59% for the day, and 39.13% year to date.
