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Is Ho Bee Land privatisation back on cards with founder Chua Thian Poh raising stake?

He raises his stake in the tightly held company to around 75.68%, from 75.66%

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Jessie Lim

Jessie Lim

Published Mon, Jun 9, 2025 · 08:18 PM
    • Ho Bee Land reported a net profit of S$109.6 million for FY2024, driven by the growth of development property sales in Australia and contributions from the sale of a 49% stake in landmark biomedical life-sciences development Elementum (above).
    • Ho Bee Land reported a net profit of S$109.6 million for FY2024, driven by the growth of development property sales in Australia and contributions from the sale of a 49% stake in landmark biomedical life-sciences development Elementum (above). PHOTO: HO BEE LAND

    [SINGAPORE] Shares of Ho Bee Land, usually thinly traded, were up on Monday (Jun 9) after the company said founder and executive chairman Chua Thian Poh had upped his stake in the real estate company over the weekend. 

    The counter opened at S$1.80 and gained as much as S$0.12 or 6.7 per cent in the morning, before closing at S$1.89, up 5 per cent on the day. Some 1.3 million shares were traded. 

    On Jun 5, Ho Bee Holdings, a vehicle controlled by Chua, acquired 137,900 shares for S$248,220, or S$1.80 per share, raising his stake in the company to around 75.68 per cent, from 75.66 per cent. 

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