Baker Technology (SGX:BTP) bought back 10,000 shares in the open market on Tuesday for SG$4,963 or SG$0.495 apiece, according to a same-day filing with the Singapore Exchange.
The technology company has bought back 329,700 shares from its existing buyback mandate.
Mitsubishi UFJ Financial Group (TYO:8306) is assessing various strategic options for Bank Danamon Indonesia, which could involve taking the lender private or divesting part of its holding to meet public ownership requirements, Bloomberg News reported on Tuesday.The Japanese banking giant has engaged a financial adviser to assist with the planning process, though no final decision has been made and a deal may not materialize, the news wire said.A representative for MUFG declined to comment to the news outlet, while Danamon said it is reviewing recent regulatory changes and will take appropriate steps to remain compliant.The development followed the new Indonesian rules introduced earlier this year, which required listed companies to raise their public floats within three years, the news outlet reported.MUFG currently holds approximately 92.5% of Danamon, which has a market capitalzation of 47 trillion rupiah, the report said.MUFG did not immediately respond to' queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Hong Fok (SGX:H30) bought back 100,000 shares in the open market on Tuesday for around SG$97,216, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased 2.5 million shares under its current buyback program.
Quadrant Future Tek (NSE:QUADFUTURE, BOM:544336) has received approval from the Research Designs and Standards Organisation (RDSO) of Indian Railways to begin passenger trials for its Automatic Train Protection system, Kavach 4.0, according to an Indian bourse filing on Tuesday.The passenger trial stage is the final phase before the technology can receive approval for commercial deployment, the filing said.Shares of the company jumped 9% in recent trade.