Keppel Corp buys back more shares amid stock price drop
Latest transaction is its biggest daily buyback in a week; total done since Dec 11 is 2.56m shares for S$20.87m
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KEPPEL Corporation on Monday bought back more of its shares - its fourth and biggest daily share buyback in less than a week - on the heels of a sustained share price drop due to falling oil prices.
The total consideration for the latest purchase of one million shares was S$7.97 million. Keppel Corp now holds 2.56 million treasury shares, out of the 90.78 million shares authorised for purchase.
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