SUBSCRIBERS

No Signboard shares dive on news of share buyback probe

It says it is cooperating fully with the Commercial Affairs Department on share buybacks made on Jan 31

Published Mon, Apr 29, 2019 · 09:50 PM

Singapore

NO Signboard Holdings shares tumbled on Monday after the company said authorities were investigating a recent share buyback conducted during a trading restriction period.

The restaurant operator is cooperating fully with the Singapore Police Force's Commercial Affairs Department (CAD) after receiving requests on April 24 to assist investigations into share buybacks made on Jan 31. The company also requested a trading halt on April 24.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes