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Noble intensifies share buyback, pumping in another S$28.43m
Total of 102.7m shares bought in four market acquisitions, costing S$71.23m or an average of about 69.3 cents apiece
Add BT as a preferred sourcePublished Thu, Jun 18, 2015 · 09:50 PM
Singapore
IN YET another apparent bid to shore up investor confidence and its stock, commodities company Noble Group intensified its share buyback on Wednesday, purchasing some 39.74 million shares at an average of 71.38 Singapore cents apiece for a total consideration of S$28.43 million.
Noble disclosed the buyback in a morning announcement on Thursday. But the market appeared to have shrugged off the news as the stock fell 4.9 per cent, or 3.5 cents, to the day's low of 68 Singapore cents.
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