Boldtek mullling over adoption of share incentive scheme, share buyback mandate

BOLDTEK is contemplating the proposed adoption of a share incentive scheme and share buyback mandate, it said in a filing to the Singapore Exchange on Friday.

It also said that the accounts executive of its wholly-owned subsidiary, Logistics Construction, will be retiring. Yeo Goek Ngo, 65, will retire on  Dec 31 this year, Boldtek said. 

This was in response to a query from the Singapore Exchange regarding unusual price movements of late in the counter. Its share price has been steadily sliding this week, from nearly 19 Singapore cents on Sept 24 to closing at 11.9 cents on Friday.

In relation to the share incentive scheme and share buyback, it added: "Further details of the aforementioned proposals will be contained in a circular to be despatched to the company's shareholders in due course should the directors decide to proceed with the aforementioned proposals."