Yangzijiang Shipbuilding Buys Back Shares Worth SG$2.2 Million; Shares Down 11%

MT Newswires

04-07

Yangzijiang Shipbuilding (SGX:BS6) bought back 1 million shares in the open market on Friday for SG$2.2 million or SG$2.2 per share, according to a same-day filing with the Singapore Exchange.

The shipbuilder has been mandated to buy back around 395.1 million shares.

Shares of the company were down nearly 11% in recent trading.

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