Dr Loo Choon Yong, the CEO and a substantial shareholder of Raffles Medical Group BSL , has acquired 100,000 units in the company for $103,000 or $1.03 each.
The shares were sold via market transaction on March 19.
After the purchase, Loo’s direct stake in Raffles Medical has increased to 11.573% from 11.568% previously.
In addition, Loo has a deemed interest in another 783.8 million shares, giving him a total interest of 998.75 million shares, or 53.782%.
Units in Raffles Medical closed 1 cent higher or 0.97% up at $1.04 on March 20.
