Oxley buys back 16 million shares at S$0.42

PROPERTY developer Oxley Holdings made its biggest share buyback this year, with a block purchase of 16 million shares at 4.09pm on Wednesday at a price of S$0.42 a share.

The counter finished the day at S$0.425, unchanged from a day ago, with another 0.3 million shares changing hands at other times in the day.

Oxley has been buying back its shares in the past week.

Since the last time its share buyback mandate was issued, and before Wednesday's purchase, the company has bought back another 1.6 million shares.

The 16 million shares bought back on Wednesday constitute 0.54 per cent of its Tuesday issued share capital of 2.946 billion shares.