United Overseas Bank (SGX:U11) repurchased 350,000 shares in the open market on Tuesday for SG$11.8 million, according to a same-day filing with the Singapore Exchange.
The Singapore-based lender canceled 300,000 shares while holding 50,000 shares as treasury stock.
The bank has been authorized to buy back about 83.7 million shares from its current mandate. To date, it has bought back 5.6 million shares.
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