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Singapore Telecommunications Repurchases Shares Worth About SG$8 Million

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Singapore Telecommunications (SGX:Z74) bought back 1.7 million shares on Sept. 11 under its SG$2 billion value realization share buyback program, according to a Friday filing.

The shares were purchased on the open market at SG$4.49 to SG$4.50 each for a total consideration of SG$7.8 million, including related charges.

All repurchased shares were cancelled.

The company has bought back 17.8 million shares, or 0.11% of its issued shares, since the mandate was obtained.

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