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Japfa and Wilmar in share buybacks following higher 1H sales

The Edge Singapore
The Edge Singapore8/11/2022 02:09 PM GMT+08  • 4 min read
Japfa and Wilmar in share buybacks following higher 1H sales
Japfa CEO Tan wants the company to be one of the most efficient and lowest cost producers / Photo: Samuel Isaac Chua
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Industrial agri-food company Japfa has been buying back its shares steadily following its recent 1HFY2022 ended June earnings.

The most recent buying was on Aug 10, when the company acquired 282,200 shares at between 59 cents and 60.5 cents. This brings the total number of shares bought back under the current mandate to 2.62 million or 0.129% of its total share base.

Before this, Japfa was buying on most days between Aug 1 and Aug 8. The volume bought ranged from as low as 41,200 shares on Aug 1 to as high as 1.02 million on Aug 3. The transacted prices ranged from 58.5 cents to 61 cents.

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