Singapore Stock Market News
Wilmar International - Buyback Boost; Outlook Muted
StockFanatic
Publish date: Tue, 18 Sep 2012, 10:23 AM
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| Kuok Khoon Hong (CEO of Wilmar) |
Initiates share buyback
Wilmar International Limited (WIL) has started to buy back its own
shares (has mandate to buy up to 10% of its existing shares). The
company on 13 Sep bought back 7.4m shares at S$3 each, or 0.115%
of existing shares, for S$22.2m. And also buoyed by the recent QE3
initiatives announced by the US Federal Reserve, the share price has
staged a strong rebound, climbing as much as 10% over the past two
sessions.
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