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iFast buys back shares in wake of 2Q loss; Alliance Healthcare resumes buyback

The Edge Singapore
The Edge Singapore7/28/2022 09:39 AM GMT+08  • 3 min read
iFast buys back shares in wake of 2Q loss; Alliance Healthcare resumes buyback
iFast's executive chairman Lim Chung Chun on July 26 bought 34,100 shares at around $3.80 each. / Photo: Albert Chua
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Wealth management fintech platform iFast Corporation is buying back shares after announcing a net loss for its 2QFY2022 ended June because of an impairment.

On July 25, the company acquired 106,900 shares at between $3.74 and $3.75 each, bringing the total number of shares bought back under the current mandate to 506,900 shares.

The following day, executive chairman Lim Chung Chun increased his stake as well. Through a nominee account, he acquired 34,100 shares for a total of $129,474 or around $3.80 each share. He now has a total interest of 59.48 million shares, equivalent to 20.306%.

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