Corporate digest

StarHub

STARHUB chief executive officer Tan Tong Hai bought over half a million dollars worth of the company's shares from the open market on Thursday as the stock fell to a six-month low. StarHub shares slid to a low of S$2.56 on Feb 15 - a 10.14 per cent plunge - and the largest one-day decline since StarHub's IPO in 2004. The last time the stock hit this low was around mid-August last year. In its statement, the group said Mr Tan purchased some 200,000 shares at S$2.59 apiece last week. This represents a 10.4 per cent discount to StarHub's closing price of S$2.86 per share on Feb 14, the last full market day before the transaction. Following the deal, Mr Tan's shareholding will increase to 754,854 shares, or 0.04 per cent from 0.03 per cent previously. StarHub closed yesterday at S$2.60, up S$0.03.

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