Aztech Global's stabilising manager buys 10m shares at S$1.28

DAYS after Aztech Global made its debut on the Singapore Exchange, United Overseas Bank as its stabilising manager purchased 10 million shares of the counter in the open market at S$1.28 on Monday.

This came following the technology company's listing at S$1.28 the previous Friday, when it closed merely a cent above the initial public offering (IPO) price.

In a regulatory statement on Monday, UOB informed the bourse operator about the support given to the counter.

The counter had commenced trading on Monday at S$1.29, and hit an intra-day high of S$1.31 within an hour, but hovered at S$1.28 for most of the day and closed flat at S$1.29.