Wee Teng Wen, a non-independent, non-executive director of United Hampshire US REIT, has added to his stake buying from the open market.
On Aug 16, he paid 63 US cents each for 660,000 units. The following day, he paid 63.15 US cents each for another 726,000 units.
This brings his total stake to 1,585,000 units.
Wee is better known as managing director of The Lo and Behold Group, which runs various F&B outlets.
He is also a son of Wee Ee Cheong, CEO of United Overseas Bank.
One of the sponsors of this REIT is UOB Global Capital LLC, a global asset management subsidiary of the bank.
See also: Stamford Land’s executive chairman ups stake to 46.059%
United Hampshire US REIT closed on Aug 19 at 60 US cents, down 0.15%.
