CapitaLand Ascott Trust CEO acquires 500,000 more shares

Her stake in the company increased to 0.018%.

CapitaLand Ascott Trust (CLAS) CEO Serena Teo Joo Ling has acquired an additional 500,000 shares in the company via an off-market transaction for $0.895 per share.

Following the transaction, her stake in the company increased to 0.018%, according to a bourse filing on 3 February.

Ling now holds a direct interest of 673,894 shares in the group.

Additionally, CLAS’ Chairman Lui Chong Chee also bought 1 million stapled securities at $0.8925. This almost doubled his direct interest from 0.027% to 0.053%.

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