SINGAPORE (Nov 26): Straco Corp, which operates tourist attractions in China and Singapore, has been buying back its shares on the open market. On Nov 20, it bought 10,000 shares at 72 and 73 cents each. A day earlier, the company bought back 88,000 shares at between 70 and 73 cents each. Under the current share buyback mandate that took effect in April this year, Straco has bought back a total of 1.56 million shares.

The company has a total share base of nearly 860.7 million shares. Year to date, its shares have declined 14 .1% while its earnings have remained flat for the first three quarters of 2018.

Straco operates four attractions. Its crown jewel is the Shanghai Ocean Aquarium, located next to Shanghai’s icon, the Orient Pearl TV Tower. It also operates another aquarium, the Underwater World Xiamen in Fujian province, and the Lixing Cable Car in Xi’an. In Singapore, Straco owns and runs the Singapore Flyer.

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