Banyan Tree (SGX:B58) bought back 50,000 shares in the open market on Sunday for SG$17,100 or SG$0.34 apiece, according to a same-day filing with the Singapore Exchange.
The hospitality company has been authorized to repurchase around 8.7 million shares under its current mandate.
To date, Banyan Tree has bought back 900,000 shares.