Singapore Technologies Engineering Buys Back Shares Worth Over SG$2 Million

MT Newswires01-13

Singapore Technologies Engineering (SGX:S63) bought back 500,000 shares in the open market on Friday for SG$2.3 million, according to a same-day filing with the Singapore Exchange.

The shares were repurchased at SG$4.61 as the lowest per share price and SG$4.63 as the highest.

The company has been authorized to buy back 62.4 million shares under its current mandate. To date, it has bought back 6 million shares.

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Comments

  • KienBoon
    01-15
    KienBoon
    This is really good news for shareholders. It would also raise the equity value if it is cancelled.  Hope this will attract more investment from the market for ST Engineering. Cheers. [Smile]  [Smile]  
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