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Keppel Corp resumes share buybacks; Goi ups stake in Tung Lok

The Edge Singapore
The Edge Singapore8/3/2022 09:04 PM GMT+08  • 4 min read
Keppel Corp resumes share buybacks; Goi ups stake in Tung Lok
Keppel Corp is in the midst of executing a turnaround of its business / Photo: Keppel Corp
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Keppel Corp has resumed its $500 million share buyback programme announced earlier this year, on the back of another positive earnings report on July 28.

On July 29, the company paid between $6.86 and $6.94 each for 550,000 shares, costing nearly $3.8 million.

The following three days, Keppel bought another 1.62 million shares, at prices ranging between $6.91 and $7. This brings its total volume of shares bought back under the current mandate to just nearly 31.74 million shares, or 1.7628% of its total share base.

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