Ong Beng Seng acquires 150,000 more Hotel Properties shares

His stake in the company increased to 60.22%.

Ong Beng Seng has acquired an additional 150,000 shares in Hotel Properties Limited (HPL) via an off-market transaction for $3.58 per share.

Following the transaction, his stake in the company increased to 60.22%, according to a bourse filing on 9 January.

Ong now holds a deemed interest in 206.4 million shares in HPL. This comprises 179 million shares held by 68 Holdings; 23.45 million shares held by his spouse Christina Ong; 2.95 million shares held by Comojo Holdings; and 1 million shares held by Reef Holdings.

Cuscaden Partners holds a controlling interest in 68 Holdings and is therefore deemed to be interested in HPL’s shares held by 68 Holdings.

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