Share buybacks this year close to 2012/13's combined total

Singapore

SINGAPORE-listed companies are close to buying back more of their share capital than they did in the previous two years combined, according to data compiled by ShareInvestor, a financial Internet media & technology firm owned by Singapore Press Holdings.

The 107 companies with buyback mandates have bought S$525.9 million of their own shares from the market so far this year, a 13 per cent increase from 2013 and just shy of the S$526.6 million bought back in all of 2012 and 2013. In terms of numbers of shares, those companies have taken 422.8 million shares off the market, or 0.3 per cent more than 2013's 421.5 million shares.