S'pore companies slow pace of share buybacks

Singapore

SINGAPORE-LISTED companies are buying back their own shares at a slower pace, but market observers are not making much ado about it.

A total of 89.1 million shares worth S$51.8 million were bought back by 19 companies in April, Singapore Exchange (SGX) said.

That was a 6 per cent year-on-year decline, and almost half the average of S$101 million for the first three months of 2015. Year-to-date, Singapore-listed companies have bought back S$…