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Keppel Corp buys back one million shares for S$7.97m

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Keppel Corporation on Monday bought back more of its shares, on the heels of a continued drop in its share price since late November.

KEPPEL Corporation on Monday bought back more of its shares, on the heels of a continued drop in its share price since late November.

The total consideration for the one million shares bought back was S$7.97 million.

Keppel Corp now holds 2.56 million treasury shares, out of the 90.78 million shares authorised for purchase on April 17.

The counter slipped 10 cents or 1.235 per cent on Monday, to close at S$8 per share.